Is Fayette County, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, OH
How much do homes in Fayette County, OH cost?
Median Sold Price
$200,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fayette County was $200,000 in May 2024, up 17.6% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $66.2K | $74.9K | +13.1% |
2 Bedrooms | $129.9K | $137K | +5.5% |
3 Bedrooms | $180K | $200K | +11.1% |
4 Bedrooms | $232.9K | $285K | +22.3% |
5+ Bedrooms | $375K | $240K | -36.0% |
Summary: Fayette County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Counties
Highland County | $169.9K | $215K | +26.5% |
Fayette County | $170K | $200K | +17.6% |
Madison County | $351.1K | $374.1K | +6.5% |
Ross County | $213K | $205.6K | -3.5% |
Clinton County | $249.9K | $235K | -6.0% |
Housing Supply in Fayette County, OH
How many homes are available in Fayette County, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
83 | 93 | +12.0% |
Summary: The Fayette County real estate market had 93 homes for sale in May 2024, a 12.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 17 | 0.0% |
3 Bedrooms | 42 | 50 | +19.0% |
4 Bedrooms | 19 | 19 | 0.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Fayette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 19%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 25 | 0.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Fayette County in May 2024, the same as the previous month. Of the 25 sold homes, 32% were sold under asking, 24% were sold at asking, and 44% were sold over asking.
Days on Market for Fayette County, OH
How long does it take to sell a home in Fayette County, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 32 Days | -32.5% |
Summary: Homes in Fayette County had an average of 32 days on market in May 2024, down by 32.5% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Fayette County; 56% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.