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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayetteville is a neutral's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

Fayetteville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Fayetteville, TN

How much do homes in Fayetteville, TN cost?

Median Sold Price

$250,000

$159/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$26,000(+11.6%)

Key Takeaway

Homes in Fayetteville have sold for 11.6% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $250,000 in September 2024, up 11.6% from last year, and the median price per square foot was $159.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$297.5K
N/A
2 $157.5K$160K
+1.6%
3 $225K$245K
+8.9%
4 $394.5K$373.1K
-5.4%
5+ $493.5K$533K
+8.0%

Summary: Fayetteville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 8.9%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 8%.

Housing Supply in Fayetteville, TN

How many homes are available in Fayetteville, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
137144+5.1%

Summary: The Fayetteville real estate market had 144 homes for sale in September 2024, a 5.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 23
+50.0%
2 2017
-15.0%
3 8192
+13.6%
4 2726
-3.7%
5+ 76
-14.3%

Summary: The Fayetteville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 15%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
21210.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayetteville, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Fayetteville in September 2024, the same as the previous month. Of the 20 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.

Days on Market for Fayetteville, TN

How long does it take to sell a home in Fayetteville, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
36 Days42 Days+17.5%

Summary: Homes in Fayetteville had an average of 42 days on market in Sep 2024, up by 17.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fayetteville has remained consistent over time.

Summary: During September 2024, 21 homes were sold in Fayetteville; 38% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

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