Is Fayetteville, PA 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, Fayetteville has remained a Seller's Market.
Key Takeaway
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville, PA
How much do homes in Fayetteville, PA cost?
Median Sold Price
$275,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fayetteville have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $275,000 in March 2024, up 1.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $27.5K | -84.3% |
| 2 Bedrooms | $187K | $214K | +14.4% |
| 3 Bedrooms | $284.2K | $270K | -5.0% |
| 4 Bedrooms | $317.5K | $363K | +14.3% |
| 5+ Bedrooms | $365K | $305K | -16.4% |
Summary: Fayetteville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.3%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
| Quincy Township | $219K | $234K | +6.8% |
| Greene Township | $262.5K | $269.9K | +2.9% |
| Fayetteville | $270K | $275K | +1.9% |
Housing Supply in Fayetteville, PA
How many homes are available in Fayetteville, PA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 53 | 52 | -1.9% |
Summary: The Fayetteville real estate market had 52 homes for sale in March 2024, a 1.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 24 | 25 | +4.2% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Fayetteville 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 remained the same, 3 bedroom homes increased by 4.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fayetteville in March 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Fayetteville, PA
How long does it take to sell a home in Fayetteville, PA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 81 Days | +537.8% |
Summary: Homes in Fayetteville had an average of 81 days on market in Mar 2024, up by 537.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Fayetteville; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
