Is Fayetteville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fayetteville has remained a Seller's Market.
Key Takeaway
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville, AR
How much do homes in Fayetteville, AR cost?
Median Sold Price
$372,039
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fayetteville have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $372,039 in April 2024, up 4.1% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.5K | $237.5K | +29.4% |
| 2 Bedrooms | $250K | $289.9K | +16.0% |
| 3 Bedrooms | $314.7K | $323.3K | +2.7% |
| 4 Bedrooms | $449.9K | $494.8K | +10.0% |
| 5+ Bedrooms | $554.8K | $725K | +30.7% |
Summary: Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 30.7%.
Median Sold Price Compared To Nearby Cities
| Prairie Township | $597.4K | $680K | +13.8% |
| Fayetteville Township | $357.1K | $372.2K | +4.2% |
| Fayetteville | $357.4K | $372K | +4.1% |
Housing Supply in Fayetteville, AR
How many homes are available in Fayetteville, AR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 469 | 512 | +9.2% |
Summary: The Fayetteville real estate market had 512 homes for sale in April 2024, a 9.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 10 | -9.1% |
| 2 Bedrooms | 51 | 59 | +15.7% |
| 3 Bedrooms | 214 | 221 | +3.3% |
| 4 Bedrooms | 160 | 183 | +14.4% |
| 5+ Bedrooms | 33 | 39 | +18.2% |
Summary: The Fayetteville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 98 | 121 | +23.5% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.
Summary: A total of 121 homes were sold or pending in Fayetteville in April 2024, up by 23.5% month-over-month. Of the 121 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Fayetteville, AR
How long does it take to sell a home in Fayetteville, AR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 95 Days | 73 Days | -23.3% |
Summary: Homes in Fayetteville had an average of 73 days on market in Apr 2024, down by 23.3% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
56 Homes Were Sold
In 30 - 90 Days
34 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayetteville has remained consistent over time.
Summary: During April 2024, 121 homes were sold in Fayetteville; 26% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.