Is Fayetteville, PA 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.
Key Takeaway
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayetteville, PA
How much do homes in Fayetteville, PA cost?
Median Sold Price
$295,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fayetteville have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $295,000 in April 2024, up 9.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $27.5K | -84.3% |
| 2 Bedrooms | $202.2K | $209.5K | +3.6% |
| 3 Bedrooms | $281.9K | $275K | -2.5% |
| 4 Bedrooms | $314.9K | $399.5K | +26.8% |
| 5+ Bedrooms | $365K | $313.5K | -14.1% |
Summary: Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.3%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 26.8%, and 5+ bedroom homes decreased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Quincy Township | $219K | $247.9K | +13.2% |
| Fayetteville | $270K | $295K | +9.3% |
| Greene Township | $266.5K | $270K | +1.3% |
Housing Supply in Fayetteville, PA
How many homes are available in Fayetteville, PA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Fayetteville real estate market had 34 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Fayetteville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, expect to pay close to the asking price. 63.6% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Fayetteville in April 2024, the same as the previous month. Of the 11 sold homes, 18% were sold under asking, 64% were sold at asking, and 18% were sold over asking.
Days on Market for Fayetteville, PA
How long does it take to sell a home in Fayetteville, PA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 36 Days | -3.5% |
Summary: Homes in Fayetteville had an average of 36 days on market in Apr 2024, down by 3.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 11 homes were sold in Fayetteville; 64% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
