$711 Closing Credit*
$59,900
1,128 SqFt
3 Beds
•1 Full Bath, 1 Partial
Taylor Tagliamonte, Listing Office: Hunt Real Estate Era
Is Fayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 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, NY
How much do homes in Fayette, NY cost?
Median Sold Price
$184,900
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,100(-12.0%)
Key Takeaway
Homes in Fayette have sold for 12% less than they did a year ago.
Summary: The median home sold price in Fayette was $184,900 in October 2024, down 12% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $293.3K | $307.5K | +4.8% |
| 2 Bedrooms | $160K | $420K | +162.5% |
| 3 Bedrooms | $272.5K | $173K | -36.5% |
| 4 Bedrooms | $210K | $260K | +23.8% |
| 5+ Bedrooms | $175K | $90K | -48.6% |
Summary: Fayette housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 162.5%, 3 bedroom homes decreased by 36.5%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 48.6%.
Median Sold Price Compared To Nearby Cities
| Geneva | $179.8K | $200K | +11.2% |
| Waterloo | $155K | $156K | +0.7% |
| Fayette | $210K | $184.9K | -12.0% |
Housing Supply in Fayette, NY
How many homes are available in Fayette, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Fayette real estate market had 8 homes for sale in October 2024, a 11.1% decrease 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 | 1 | 0 | -100.0% |
| 3 Bedrooms | 6 | 5 | -16.7% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were 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. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Fayette in October 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Fayette, NY
How long does it take to sell a home in Fayette, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 4 Days | 7 Days | +50.0% |
Summary: Homes in Fayette had an average of 7 days on market in Oct 2024, up by 50% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were 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, 2 homes were sold in Fayette; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
