Is Fayetteville, NC 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, NC

How much do homes in Fayetteville, NC cost?

Median Sold Price

$235,034

$146/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$14,441(+6.5%)

Key Takeaway

Homes in Fayetteville have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Fayetteville was $235,034 in November 2024, up 6.5% from last year, and the median price per square foot was $146.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $77.4K$68K
-12.1%
2 $120K$136K
+13.3%
3 $200.6K$218.1K
+8.7%
4 $310.1K$315.3K
+1.7%
5+ $424.5K$439.9K
+3.6%

Summary: Fayetteville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Cities

Pearces Mill Township
+10.2%
Cross Creek Township
+8.3%
Seventy-First Township
+7.1%
Fayetteville
+6.5%

Housing Supply in Fayetteville, NC

How many homes are available in Fayetteville, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,2741,239-2.7%

Summary: The Fayetteville real estate market had 1,239 homes for sale in November 2024, a 2.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 54
-20.0%
2 105108
+2.9%
3 735714
-2.9%
4 333319
-4.2%
5+ 9694
-2.1%

Summary: The Fayetteville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 2.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
293219-25.3%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

88 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fayetteville, expect to pay close to the asking price. 40.2% of homes here sold near the asking price last month.

Summary: A total of 219 homes were sold or pending in Fayetteville in November 2024, down by 25.3% month-over-month. Of the 219 sold homes, 38% were sold under asking, 40% were sold at asking, and 21% were sold over asking.

Days on Market for Fayetteville, NC

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

Average Sale Time

Nov 2023Nov 2024CHANGE
33 Days42 Days+25.9%

Summary: Homes in Fayetteville had an average of 42 days on market in Nov 2024, up by 25.9% compared to last year.

Breakdown of Home Sale Times

131 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

38 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 219 homes were sold in Fayetteville; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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 22 Days Ago

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