Is Fayetteville, AR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fayetteville is a seller's market

Buyer's
Market

Difference Since October 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, AR

How much do homes in Fayetteville, AR cost?

Median Sold Price

$379,751

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,068(+3.8%)

Key Takeaway

Homes in Fayetteville have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $379,751 in October 2024, up 3.8% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210K$209K
-0.5%
2 $270K$293.5K
+8.7%
3 $319.4K$321.7K
+0.7%
4 $459.8K$499.4K
+8.6%
5+ $745K$780K
+4.7%

Summary: Fayetteville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 4.7%.

Median Sold Price Compared To Nearby Cities

Prairie Township
+14.0%
Fayetteville Township
+3.9%
Fayetteville
+3.8%
Johnson Township
-19.9%
Johnson
-22.1%

Housing Supply in Fayetteville, AR

How many homes are available in Fayetteville, AR?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
580573-1.2%

Summary: The Fayetteville real estate market had 573 homes for sale in October 2024, a 1.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 88
0.0%
2 6166
+8.2%
3 280283
+1.1%
4 184171
-7.1%
5+ 4745
-4.3%

Summary: The Fayetteville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
127107-15.7%

Asking Price vs. Sold Price

65 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayetteville, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Fayetteville in October 2024, down by 15.7% month-over-month. Of the 107 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.

Days on Market for Fayetteville, AR

How long does it take to sell a home in Fayetteville, AR?

Average Sale Time

Oct 2023Oct 2024CHANGE
70 Days85 Days+21.2%

Summary: Homes in Fayetteville had an average of 85 days on market in Oct 2024, up by 21.2% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

65 Homes Were Sold
In 30 - 90 Days

33 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Fayetteville has remained consistent over time.

Summary: During October 2024, 107 homes were sold in Fayetteville; 8% of homes were sold within 30 days, 61% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

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