Is Fayette County, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayette County is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Fayette County has remained a Seller's Market.

Key Takeaway

Fayette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Fayette County, IN

How much do homes in Fayette County, IN cost?

Median Sold Price

$145,000

$94/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$10,000(+7.4%)

Key Takeaway

Homes in Fayette County have sold for 7.4% more than they did a month ago.

Summary: The median home sold price in Fayette County was $145,000 in April 2024, up 7.4% from last month, and the median price per square foot was $94.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 -$99K
N/A
3 $187.5K$152K
-18.9%
4 $70K$145K
+107.1%
5+ --
N/A

Summary: Fayette County housing prices by bedroom type for April 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 decreased by 18.9%, 4 bedroom homes increased by 107.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Counties

Fayette County
+7.4%
Union County
-28.8%

Housing Supply in Fayette County, IN

How many homes are available in Fayette County, IN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
11110.0%

Summary: The Fayette County real estate market had 11 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 77
0.0%
4 43
-25.0%
5+ 00
0.0%

Summary: The Fayette County 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 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
330.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayette County, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Fayette County in April 2024, the same as the previous month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Fayette County, IN

How long does it take to sell a home in Fayette County, IN?

Average Sale Time

Mar 2024Apr 2024CHANGE
45 Days54 Days+19.0%

Summary: Homes in Fayette County had an average of 54 days on market in Apr 2024, up by 19% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fayette County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 3 homes were sold in Fayette County; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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 5 Days Ago

Newest Listings in Fayette County, IN

Nearby Markets to Fayette County, IN

What housing markets are near Fayette County, IN?