Is Fayetteville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$286,250
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Fayetteville has remained the same since last year.
Summary: The median home sold price in Fayetteville was $286,250 in June 2024, down 0.3% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $30K | -82.9% |
| 2 Bedrooms | $186K | $215K | +15.6% |
| 3 Bedrooms | $296K | $272.5K | -7.9% |
| 4 Bedrooms | $327.5K | $399K | +21.8% |
| 5+ Bedrooms | $335K | $348.5K | +4.0% |
Summary: Fayetteville housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 82.9%, 2 bedroom homes increased by 15.6%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Greene Township | $270K | $273.9K | +1.5% |
| Fayetteville | $287.2K | $286.2K | -0.3% |
Housing Supply in Fayetteville, PA
How many homes are available in Fayetteville, PA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 34 | 38 | +11.8% |
Summary: The Fayetteville real estate market had 38 homes for sale in June 2024, a 11.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fayetteville housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 10 | 12 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Fayetteville in June 2024, up by 20.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 42% were sold at asking, and 33% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 10 Days | 21 Days | +95.8% |
Summary: Homes in Fayetteville had an average of 21 days on market in Jun 2024, up by 95.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 12 homes were sold in Fayetteville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
