Is Fayette County, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Fayette County has remained a Buyer's Market.
Key Takeaway
Fayette County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fayette County, TX
How much do homes in Fayette County, TX cost?
Median Sold Price
$361,500
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fayette County have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Fayette County was $361,500 in March 2024, down 6.3% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283K | $675K | +138.5% |
| 2 Bedrooms | $281K | $280K | -0.4% |
| 3 Bedrooms | $384.7K | $330K | -14.2% |
| 4 Bedrooms | $562.5K | $507K | -9.9% |
| 5+ Bedrooms | $1.4M | $742.5K | -50.3% |
Summary: Fayette County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 138.5%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 50.3%.
Median Sold Price Compared To Nearby Counties
| Lee County | $266K | $310K | +16.5% |
| Washington County | $318.5K | $323.5K | +1.6% |
| Colorado County | $264.9K | $265K | 0.0% |
| Fayette County | $386K | $361.5K | -6.3% |
| Lavaca County | $279.2K | $249K | -10.8% |
Housing Supply in Fayette County, TX
How many homes are available in Fayette County, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 148 | 188 | +27.0% |
Summary: The Fayette County real estate market had 188 homes for sale in March 2024, a 27.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 26 | 33 | +26.9% |
| 3 Bedrooms | 70 | 85 | +21.4% |
| 4 Bedrooms | 33 | 45 | +36.4% |
| 5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Fayette County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette County, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Fayette County in March 2024, up by 42.9% month-over-month. Of the 10 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Fayette County, TX
How long does it take to sell a home in Fayette County, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 87 Days | 111 Days | +27.5% |
Summary: Homes in Fayette County had an average of 111 days on market in Mar 2024, up by 27.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fayette County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 10 homes were sold in Fayette County; 20% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 70% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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