How much do homes in Fayette County, TN cost?

Median List Price

$289,895

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$24,897(+9.4%)

Key Takeaway

The list price of homes in Fayette County has increased by 9.4% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 -$40KN/A
2 $125K$200K+60.0%
3 $233K$264.2K+13.4%
4 $285K$324.9K+14.0%
5+ $339.9K$412.5K+21.4%

Median List Price Compared To Nearby Counties

Tipton County
+13.4%
Hardeman County
+12.6%
Fayette County
+9.4%
Shelby County
+9.4%
Haywood County
0.5%

How many homes are available in Fayette County, TN?

Number of Homes For Sale

Jul 2021Aug 2021%
207215+3.9%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 000.0%
2 770.0%
3 9998-1.0%
4 7882+5.1%
5+ 2328+21.7%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
158 Days169 Days+6.6%

About Fayette County, TN

There are 215 homes are for sale in Fayette County, TN real estate market. The number of listings in Fayette County, TN increased by 3.9% between July 2021 and August 2021. In August 2021 median list price was $289,895 and the average listing age was 169 days. From July 2021 through August 2021, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 0% more expensive, 2 bedrooms properties prices increased by 60%, the cost of 3 bedrooms properties went up by 13.4%, prices of 4 bedrooms properties increased by 14%, prices of 5 bedrooms properties increased by 21.4%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, volume of 3 bedrooms homes went down by 1%, 4 bedrooms homes became 5.1% more available, number of 5 bedrooms homes increased by 21.7%. In August 2021 more than 20 listings in Fayette County, TN were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 8 were sold below.

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