$4,750 Closing Credit*
$400,000
2,018 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Real Estate Results
Is Fayetteville, AR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 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
$375,110
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$14,710(+4.1%)
Key Takeaway
Homes in Fayetteville have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $375,110 in August 2024, up 4.1% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207.5K | $215K | +3.6% |
| 2 Bedrooms | $272.5K | $293.2K | +7.6% |
| 3 Bedrooms | $310K | $323.6K | +4.4% |
| 4 Bedrooms | $452.6K | $493.5K | +9.0% |
| 5+ Bedrooms | $664K | $799K | +20.3% |
Summary: Fayetteville housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.6%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 20.3%.
Median Sold Price Compared To Nearby Cities
| Prairie Township | $640.2K | $722.5K | +12.8% |
| Fayetteville Township | $360.3K | $375.3K | +4.2% |
| Fayetteville | $360.4K | $375.1K | +4.1% |
| Johnson | $398.5K | $335K | -15.9% |
| Johnson Township | $429.4K | $354K | -17.6% |
Housing Supply in Fayetteville, AR
How many homes are available in Fayetteville, AR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 584 | 574 | -1.7% |
Summary: The Fayetteville real estate market had 574 homes for sale in August 2024, a 1.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 9 | -10.0% |
| 2 Bedrooms | 56 | 58 | +3.6% |
| 3 Bedrooms | 268 | 259 | -3.4% |
| 4 Bedrooms | 206 | 200 | -2.9% |
| 5+ Bedrooms | 44 | 48 | +9.1% |
Summary: The Fayetteville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 164 | 128 | -22.0% |
Asking Price vs. Sold Price
67 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you may be able to get a good deal. 52.3% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Fayetteville in August 2024, down by 22.0% month-over-month. Of the 128 sold homes, 52% were sold under asking, 33% were sold at asking, and 15% 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
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 80 Days | 71 Days | -11.1% |
Summary: Homes in Fayetteville had an average of 71 days on market in Aug 2024, down by 11.1% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
69 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayetteville has remained consistent over time.
Summary: During August 2024, 128 homes were sold in Fayetteville; 23% of homes were sold within 30 days, 54% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Disclaimer: IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2024 Northwest Arkansas Board of Realtors All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Cooperative Arkansas REALTORS® Multiple Listing Services, Inc. Real estate listings, held by brokerage firms other than this broker, are marked with the Broker Reciprocity℠ logo and information about them includes the name of the listing brokers. The IDX information is provided exclusively for consumers’ personal, non-commercial use that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS. Copyright© 2024 Cooperative Arkansas Realtors MLS. All Rights Reserved.