$6,234 Closing Credit*
$525,000
3,473 SqFt
4 Beds
•3 Full Baths
Amy Wise, Listing Office: Weichert, Realtors - First Tier
Is Fayette, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fayette has remained a Seller's Market.
Key Takeaway
Fayette is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayette, MO
How much do homes in Fayette, MO cost?
Median Sold Price
$265,000
$147/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$47,450(-15.2%)
Key Takeaway
Homes in Fayette have sold for 15.2% less than they did a month ago.
Summary: The median home sold price in Fayette was $265,000 in October 2024, down 15.2% from last month, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $59.5K | N/A |
| 3 Bedrooms | - | $265K | N/A |
| 4 Bedrooms | - | $344K | N/A |
| 5+ Bedrooms | $312.4K | - | N/A |
Summary: Fayette housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Fayette | $312.4K | $265K | -15.2% |
| Richmond Township | $312.4K | $59.5K | -81.0% |
Housing Supply in Fayette, MO
How many homes are available in Fayette, MO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Fayette real estate market had 9 homes for sale in October 2024, a 12.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 2 | 5 | +150.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Fayette 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 150%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Fayette in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Fayette, MO
How long does it take to sell a home in Fayette, MO?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 159 Days | 24 Days | -84.5% |
Summary: Homes in Fayette had an average of 24 days on market in Oct 2024, down by 84.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayette are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Fayette; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
