Housing Prices in Fayette City, PA
How much do homes in Fayette City, PA cost?
Median List Price
$190,000
$122/sqft
Based on all homes listed in the last 12 months.
Difference Since May 2023
Key Takeaway
The list price of homes in Fayette City has increased by 56.1% since last year.
Summary: The median home list price in Fayette City was $190,000 in May 2024, up 56.1% from the previous year, and the median price per square foot was $122.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $59.9K | $74.9K | +25.0% |
| 3 Bedrooms | $124.5K | $200K | +60.6% |
| 4 Bedrooms | $187.4K | $255.9K | +36.6% |
| 5+ Bedrooms | - | $35.5K | N/A |
Summary: Fayette City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 60.6%, 4 bedroom homes increased by 36.6%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Fayette City | $121.7K | $190K | +56.1% |
| Washington Township | $214.9K | $225K | +4.7% |
| Belle Vernon | $210K | $219.4K | +4.5% |
Housing Supply in Fayette City, PA
How many homes are available in Fayette City, PA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 3 | -50.0% |
Summary: The Fayette City real estate market had 3 homes for sale in May 2024, a 50.0% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fayette City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Days on Market for Fayette City, PA
How long does it take to sell a home in Fayette City, PA?
Average Listing Age
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 36 Days | -38.4% |
Summary: Homes in Fayette City had an average listing age of 36 days in May 2024, down by 38.4% compared to the previous year.
