Is Fayetteville, NC 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, Fayetteville has remained a Seller's Market.
Housing Prices in Fayetteville, NC
How much do homes in Fayetteville, NC cost?
Median Sold Price
$224,971
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fayetteville was $224,971 in March 2024, up 9.1% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67.7K | $77.8K | +14.8% |
2 Bedrooms | $114.6K | $128K | +11.7% |
3 Bedrooms | $185.9K | $205K | +10.2% |
4 Bedrooms | $298.1K | $310K | +4.0% |
5+ Bedrooms | $397.5K | $423.4K | +6.5% |
Summary: Fayetteville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.8%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Pearces Mill Township | $181.5K | $205K | +12.9% |
Seventy-First Township | $190K | $211.3K | +11.2% |
Fayetteville | $206.2K | $224.9K | +9.1% |
Cross Creek Township | $207K | $220K | +6.3% |
Housing Supply in Fayetteville, NC
How many homes are available in Fayetteville, NC?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,085 | 1,105 | +1.8% |
Summary: The Fayetteville real estate market had 1,105 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 85 | 105 | +23.5% |
3 Bedrooms | 622 | 631 | +1.4% |
4 Bedrooms | 314 | 304 | -3.2% |
5+ Bedrooms | 64 | 64 | 0.0% |
Summary: The Fayetteville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 23.5%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
258 | 268 | +3.9% |
Asking Price vs. Sold Price
108 Homes Were Sold
Under Asking
101 Homes Were Sold
At Asking
59 Homes Were Sold
Over Asking
Summary: A total of 268 homes were sold or pending in Fayetteville in March 2024, up by 3.9% month-over-month. Of the 268 sold homes, 40% were sold under asking, 38% were sold at asking, and 22% were sold over asking.
Days on Market for Fayetteville, NC
How long does it take to sell a home in Fayetteville, NC?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 51 Days | -18.8% |
Summary: Homes in Fayetteville had an average of 51 days on market in Mar 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
153 Homes Were Sold
In 30 - 90 Days
37 Homes Were Sold
Over 90 Days
Summary: During March 2024, 268 homes were sold in Fayetteville; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.