Is Fayetteville, GA 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.
Housing Prices in Fayetteville, GA
How much do homes in Fayetteville, GA cost?
Median Sold Price
$434,250
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayetteville was $434,250 in April 2024, up 11.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $284.7K | $260K | -8.7% |
3 Bedrooms | $315K | $349K | +10.8% |
4 Bedrooms | $418.7K | $452.7K | +8.1% |
5+ Bedrooms | $524.9K | $629K | +19.8% |
Summary: Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
Fayetteville | $390.2K | $434.2K | +11.3% |
Peachtree City-Tyrone | $535K | $589.4K | +10.2% |
Housing Supply in Fayetteville, GA
How many homes are available in Fayetteville, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
317 | 367 | +15.8% |
Summary: The Fayetteville real estate market had 367 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 16 | 21 | +31.3% |
3 Bedrooms | 103 | 124 | +20.4% |
4 Bedrooms | 127 | 141 | +11.0% |
5+ Bedrooms | 71 | 81 | +14.1% |
Summary: The Fayetteville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.3%, 3 bedroom homes increased by 20.4%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 14.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 85 | +41.7% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Summary: A total of 85 homes were sold or pending in Fayetteville in April 2024, up by 41.7% month-over-month. Of the 78 sold homes, 44% were sold under asking, 26% were sold at asking, and 31% were sold over asking.
Days on Market for Fayetteville, GA
How long does it take to sell a home in Fayetteville, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 29 Days | -15.8% |
Summary: Homes in Fayetteville had an average of 29 days on market in Apr 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 85 homes were sold in Fayetteville; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.