Is Fayetteville, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayetteville is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Fayetteville was a Seller's Market.

Key Takeaway

Fayetteville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fayetteville, PA

How much do homes in Fayetteville, PA cost?

Median Sold Price

$295,000

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$17,500(+6.3%)

Key Takeaway

Homes in Fayetteville have sold for 6.3% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $295,000 in May 2024, up 6.3% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $175K$27.5K
-84.3%
2 $192.5K$214K
+11.2%
3 $284.5K$272.5K
-4.2%
4 $322.5K$399K
+23.7%
5+ $378.5K$322K
-14.9%

Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Cities

Fayetteville
+6.3%
Greene Township
+1.5%

Housing Supply in Fayetteville, PA

How many homes are available in Fayetteville, PA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3530-14.3%

Summary: The Fayetteville real estate market had 30 homes for sale in May 2024, a 14.3% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 22
0.0%
3 1917
-10.5%
4 107
-30.0%
5+ 33
0.0%

Summary: The Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
114-63.6%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayetteville, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Fayetteville in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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

May 2023May 2024CHANGE
30 Days36 Days+19.6%

Summary: Homes in Fayetteville had an average of 36 days on market in May 2024, up by 19.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 4 homes were sold in Fayetteville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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