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 November 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

$379,376

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$12,719(+3.5%)

Key Takeaway

Homes in Fayetteville have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $379,376 in November 2024, up 3.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $210K$215K
+2.4%
2 $272.5K$291.5K
+7.0%
3 $319.2K$325K
+1.8%
4 $467.4K$493.4K
+5.5%
5+ $740K$787.5K
+6.4%

Summary: Fayetteville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.4%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 6.4%.

Median Sold Price Compared To Nearby Cities

Prairie Township
+20.5%
Fayetteville
+3.5%
Fayetteville Township
+3.5%
Johnson Township
-23.0%
Johnson
-24.2%

Housing Supply in Fayetteville, AR

How many homes are available in Fayetteville, AR?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
561538-4.1%

Summary: The Fayetteville real estate market had 538 homes for sale in November 2024, a 4.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 109
-10.0%
2 6055
-8.3%
3 279274
-1.8%
4 170158
-7.1%
5+ 4242
0.0%

Summary: The Fayetteville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
115102-11.3%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

29 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. 59.8% of homes here sold below asking price last month.

Summary: A total of 102 homes were sold or pending in Fayetteville in November 2024, down by 11.3% month-over-month. Of the 102 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% 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

Nov 2023Nov 2024CHANGE
73 Days74 Days+1.8%

Summary: Homes in Fayetteville had an average of 74 days on market in Nov 2024, up by 1.8% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

57 Homes Were Sold
In 30 - 90 Days

26 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 November 2024, 102 homes were sold in Fayetteville; 18% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 25% 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 11 Days Ago

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