$15,000
0.39 Acres
Land
MICHAEL GASKINS JR, Listing Office: POWERHOUSE REALTY GROUP, LLC
Is Central Fayetteville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Central Fayetteville was a Seller's Market.
Key Takeaway
Central Fayetteville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Central Fayetteville, NC
How much do homes in Central Fayetteville, NC cost?
Median Sold Price
$255,000
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,000(+4.1%)
Key Takeaway
Homes in Central Fayetteville have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Central Fayetteville was $255,000 in December 2024, up 4.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $102K | -49.0% |
| 2 Bedrooms | $135K | $161K | +19.3% |
| 3 Bedrooms | $239.9K | $250K | +4.2% |
| 4 Bedrooms | $325K | $322.5K | -0.8% |
| 5+ Bedrooms | $447K | $455.8K | +2.0% |
Summary: Central Fayetteville housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 49%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 2%.
Median Sold Price Compared To Nearby Neighborhoods
| Central Fayetteville | $245K | $255K | +4.1% |
| Downtown | $190K | $187.5K | -1.3% |
| Haymount | $288K | $275.7K | -4.3% |
Housing Supply in Central Fayetteville, NC
How many homes are available in Central Fayetteville, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 159 | 141 | -11.3% |
Summary: The Central Fayetteville real estate market had 141 homes for sale in December 2024, a 11.3% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 83 | 70 | -15.7% |
| 4 Bedrooms | 46 | 37 | -19.6% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Central Fayetteville housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 33 | 23 | -30.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Central Fayetteville, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Central Fayetteville in December 2024, down by 30.3% month-over-month. Of the 23 sold homes, 65% were sold under asking, 30% were sold at asking, and 4% were sold over asking.
Days on Market for Central Fayetteville, NC
How long does it take to sell a home in Central Fayetteville, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 30 Days | 31 Days | +4.3% |
Summary: Homes in Central Fayetteville had an average of 31 days on market in Dec 2024, up by 4.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 23 homes were sold in Central Fayetteville; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
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