Is Fayette County, TX 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, Fayette County was a Seller's Market.
Housing Prices in Fayette County, TX
How much do homes in Fayette County, TX cost?
Median Sold Price
$390,000
$214/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 $390,000 in May 2024, up 1.3% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485.7K | $625K | +28.7% |
2 Bedrooms | $282.5K | $285K | +0.9% |
3 Bedrooms | $372.5K | $343.9K | -7.7% |
4 Bedrooms | $562.5K | $508.5K | -9.6% |
5+ Bedrooms | $1.6M | $750K | -55.8% |
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 28.7%, 2 bedroom homes increased by 0.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 55.8%.
Median Sold Price Compared To Nearby Counties
Lee County | $268.1K | $316.5K | +18.1% |
Washington County | $320K | $336.9K | +5.3% |
Lavaca County | $264.4K | $269.9K | +2.1% |
Colorado County | $265K | $269.5K | +1.7% |
Fayette County | $385K | $390K | +1.3% |
Housing Supply in Fayette County, TX
How many homes are available in Fayette County, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
189 | 216 | +14.3% |
Summary: The Fayette County real estate market had 216 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 32 | 39 | +21.9% |
3 Bedrooms | 82 | 96 | +17.1% |
4 Bedrooms | 51 | 53 | +3.9% |
5+ Bedrooms | 19 | 21 | +10.5% |
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 40%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 9 | -43.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Fayette County in May 2024, down by 43.8% month-over-month. Of the 9 sold homes, 89% were sold under asking, 0% were sold at asking, and 11% were sold over asking.
Days on Market for Fayette County, TX
How long does it take to sell a home in Fayette County, TX?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
87 Days | 88 Days | +1.2% |
Summary: Homes in Fayette County had an average of 88 days on market in May 2024, up by 1.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Fayette County; 33% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.