Is Fayetteville, NC 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, NC
How much do homes in Fayetteville, NC cost?
Median Sold Price
$225,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fayetteville have sold for 7.2% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $225,000 in April 2024, up 7.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $67.7K | $77.9K | +15.0% |
| 2 Bedrooms | $114.7K | $128K | +11.5% |
| 3 Bedrooms | $188.6K | $206.6K | +9.6% |
| 4 Bedrooms | $300K | $310K | +3.3% |
| 5+ Bedrooms | $397.6K | $424.9K | +6.9% |
Summary: Fayetteville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 6.9%.
Median Sold Price Compared To Nearby Cities
| Pearces Mill Township | $185K | $209.5K | +13.2% |
| Seventy-First Township | $192.3K | $211.6K | +10.1% |
| Fayetteville | $209.8K | $225K | +7.2% |
| Cross Creek Township | $206K | $220K | +6.8% |
Housing Supply in Fayetteville, NC
How many homes are available in Fayetteville, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,160 | 1,164 | 0.3% |
Summary: The Fayetteville real estate market had 1,164 homes for sale in April 2024, a 0.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 109 | 109 | 0.0% |
| 3 Bedrooms | 660 | 633 | -4.1% |
| 4 Bedrooms | 323 | 344 | +6.5% |
| 5+ Bedrooms | 67 | 75 | +11.9% |
Summary: The Fayetteville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 294 | 331 | +12.6% |
Asking Price vs. Sold Price
139 Homes Were Sold
Under Asking
111 Homes Were Sold
At Asking
81 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 42% of homes here sold below asking price last month.
Summary: A total of 331 homes were sold or pending in Fayetteville in April 2024, up by 12.6% month-over-month. Of the 331 sold homes, 42% were sold under asking, 34% were sold at asking, and 24% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 63 Days | 29 Days | -53.9% |
Summary: Homes in Fayetteville had an average of 29 days on market in Apr 2024, down by 53.9% compared to last year.
Breakdown of Home Sale Times
237 Homes Were Sold
Under 30 Days
68 Homes Were Sold
In 30 - 90 Days
26 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, 331 homes were sold in Fayetteville; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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