Is Fayetteville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fayetteville was a Neutral Market.
Housing Prices in Fayetteville, NY
How much do homes in Fayetteville, NY cost?
Median Sold Price
$344,950
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayetteville was $344,950 in April 2024, up 10.2% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | - | N/A |
2 Bedrooms | $255K | $261.5K | +2.5% |
3 Bedrooms | $282.5K | $270.6K | -4.2% |
4 Bedrooms | $328.2K | $388K | +18.2% |
5+ Bedrooms | $518.7K | $455K | -12.3% |
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 increased by 2.5%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 12.3%.
Housing Supply in Fayetteville, NY
How many homes are available in Fayetteville, NY?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
41 | 37 | -9.8% |
Summary: The Fayetteville real estate market had 37 homes for sale in April 2024, a 9.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 12 | 12 | 0.0% |
5+ Bedrooms | 11 | 8 | -27.3% |
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 decreased by 28.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Fayetteville in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 0% were sold at asking, and 71% were sold over asking.
Days on Market for Fayetteville, NY
How long does it take to sell a home in Fayetteville, NY?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
23 Days | 13 Days | -43.6% |
Summary: Homes in Fayetteville had an average of 13 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Fayetteville; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.