Is Fayetteville, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fayetteville was a Seller's Market.
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 May 2023
Summary: The median home sold price in Fayetteville was $295,000 in May 2024, up 6.3% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $175K | $27.5K | -84.3% |
2 Bedrooms | $192.5K | $214K | +11.2% |
3 Bedrooms | $284.5K | $272.5K | -4.2% |
4 Bedrooms | $322.5K | $399K | +23.7% |
5+ Bedrooms | $378.5K | $322K | -14.9% |
Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 84.3%, 2 bedroom homes increased by 11.2%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 23.7%, and 5+ bedroom homes decreased by 14.9%.
Median Sold Price Compared To Nearby Cities
Fayetteville | $277.5K | $295K | +6.3% |
Greene Township | $270K | $273.9K | +1.5% |
Housing Supply in Fayetteville, PA
How many homes are available in Fayetteville, PA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
35 | 30 | -14.3% |
Summary: The Fayetteville real estate market had 30 homes for sale in May 2024, a 14.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 19 | 17 | -10.5% |
4 Bedrooms | 10 | 7 | -30.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Fayetteville 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 remained the same, 3 bedroom homes decreased by 10.5%, 4 bedroom homes decreased by 30%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 4 | -63.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Fayetteville in May 2024, down by 63.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 36 Days | +19.6% |
Summary: Homes in Fayetteville had an average of 36 days on market in May 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Fayetteville; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.