Is Fayetteville, TN 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.
Housing Prices in Fayetteville, TN
How much do homes in Fayetteville, TN cost?
Median Sold Price
$234,100
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayetteville was $234,100 in April 2024, up 6.4% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $155K | $140K | -9.7% |
3 Bedrooms | $230.5K | $233K | +1.1% |
4 Bedrooms | $227.7K | $364.1K | +59.9% |
5+ Bedrooms | $630K | $475.7K | -24.5% |
Summary: Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.7%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 59.9%, and 5+ bedroom homes decreased by 24.5%.
Housing Supply in Fayetteville, TN
How many homes are available in Fayetteville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 110 | -3.5% |
Summary: The Fayetteville real estate market had 110 homes for sale in April 2024, a 3.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 77 | 65 | -15.6% |
4 Bedrooms | 23 | 28 | +21.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Fayetteville 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 22.2%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 21.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Fayetteville in April 2024, the same as the previous month. Of the 25 sold homes, 80% were sold under asking, 12% were sold at asking, and 8% were sold over asking.
Days on Market for Fayetteville, TN
How long does it take to sell a home in Fayetteville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 32 Days | +6.5% |
Summary: Homes in Fayetteville had an average of 32 days on market in Apr 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Fayetteville; 60% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.