Is Fayette County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Fayette County was a Seller's Market.
Housing Prices in Fayette County, TN
How much do homes in Fayette County, TN cost?
Median Sold Price
$333,990
-
Based on all homes sold in March 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $210.4K | N/A |
3 Bedrooms | $262K | $280K | +6.9% |
4 Bedrooms | $371.9K | $369.9K | -0.5% |
5+ Bedrooms | $444.9K | $406K | -8.7% |
Summary: Fayette County housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 6.9%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Counties
Shelby County | $249.4K | $281.2K | +12.7% |
Fayette County | $366.4K | $333.9K | -8.9% |
Hardeman County | $170K | $74.7K | -56.0% |
Haywood County | $229K | $85K | -62.9% |
Housing Supply in Fayette County, TN
How many homes are available in Fayette County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
179 | 202 | +12.8% |
Summary: The Fayette County real estate market had 202 homes for sale in March 2024, a 12.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 56 | 63 | +12.5% |
4 Bedrooms | 90 | 104 | +15.6% |
5+ Bedrooms | 25 | 24 | -4.0% |
Summary: The Fayette County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes decreased by 4%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
30 | 27 | -10.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Fayette County in March 2024, down by 10.0% month-over-month. Of the 27 sold homes, 59% were sold under asking, 26% were sold at asking, and 15% were sold over asking.
Days on Market for Fayette County, TN
We’re sorry, we don't have information for this market at the moment