Is Fayette County, OH 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, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, OH
How much do homes in Fayette County, OH cost?
Median Sold Price
$200,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayette County was $200,000 in April 2024, up 15.5% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.2K | $54.9K | -17.1% |
2 Bedrooms | $130K | $135.9K | +4.6% |
3 Bedrooms | $181.5K | $204K | +12.4% |
4 Bedrooms | $226K | $269.9K | +19.4% |
5+ Bedrooms | $310K | $240K | -22.6% |
Summary: Fayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes decreased by 22.6%.
Median Sold Price Compared To Nearby Counties
Highland County | $175K | $208.5K | +19.1% |
Fayette County | $173.1K | $200K | +15.5% |
Madison County | $345.9K | $369.1K | +6.7% |
Clinton County | $240K | $235.6K | -1.8% |
Ross County | $217.6K | $205.2K | -5.7% |
Housing Supply in Fayette County, OH
How many homes are available in Fayette County, OH?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
110 | 111 | +0.9% |
Summary: The Fayette County real estate market had 111 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 58 | 58 | 0.0% |
4 Bedrooms | 25 | 25 | 0.0% |
5+ Bedrooms | 7 | 7 | 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 5.9%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 25 | +25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Fayette County in April 2024, up by 25.0% month-over-month. Of the 25 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.
Days on Market for Fayette County, OH
How long does it take to sell a home in Fayette County, OH?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 30 Days | -9.8% |
Summary: Homes in Fayette County had an average of 30 days on market in Apr 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Fayette County; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.