Is Fayette County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, OH
How much do homes in Fayette County, OH cost?
Median Sold Price
$196,833
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fayette County was $196,833 in March 2024, up 14.1% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.2K | $54.9K | -17.1% |
2 Bedrooms | $129.9K | $134.9K | +3.8% |
3 Bedrooms | $183K | $200K | +9.3% |
4 Bedrooms | $215K | $283.5K | +31.9% |
5+ Bedrooms | $309K | $262.5K | -15.0% |
Summary: Fayette County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 31.9%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Counties
Highland County | $180K | $210K | +16.7% |
Fayette County | $172.5K | $196.8K | +14.1% |
Madison County | $340.9K | $361.9K | +6.2% |
Clinton County | $235K | $243K | +3.4% |
Ross County | $215K | $210K | -2.3% |
Housing Supply in Fayette County, OH
How many homes are available in Fayette County, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 110 | -2.7% |
Summary: The Fayette County real estate market had 110 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 20 | 16 | -20.0% |
3 Bedrooms | 55 | 59 | +7.3% |
4 Bedrooms | 29 | 25 | -13.8% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Fayette County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Fayette County in March 2024, down by 20.0% month-over-month. Of the 20 sold homes, 55% were sold under asking, 10% were sold at asking, and 35% were sold over asking.
Days on Market for Fayette County, OH
How long does it take to sell a home in Fayette County, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 31 Days | -45.3% |
Summary: Homes in Fayette County had an average of 31 days on market in Mar 2024, down by 45.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 20 homes were sold in Fayette County; 60% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.