$10,000 Closing Credit*
$1,389,000
3,806 SqFt
4 Beds
•2 Full Baths, 1 Partial
Daniel J. Toner, Listing Office: Century 21 Steve Davoli RE
Is Fayette, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Fayette was a Neutral Market.
Key Takeaway
Fayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fayette, NY
How much do homes in Fayette, NY cost?
Median Sold Price
$194,950
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$35,550(-15.4%)
Key Takeaway
Homes in Fayette have sold for 15.4% less than they did a year ago.
Summary: The median home sold price in Fayette was $194,950 in November 2024, down 15.4% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400.6K | $205K | -48.8% |
| 2 Bedrooms | $160K | $420K | +162.5% |
| 3 Bedrooms | $262K | $184.9K | -29.4% |
| 4 Bedrooms | $240K | $240K | 0.0% |
| 5+ Bedrooms | $175K | $90K | -48.6% |
Summary: Fayette housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes increased by 162.5%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 48.6%.
Median Sold Price Compared To Nearby Cities
| Springport | $209K | $385K | +84.2% |
| Geneva | $180K | $197K | +9.4% |
| Waterloo | $155K | $159.8K | +3.1% |
| Fayette | $230.5K | $194.9K | -15.4% |
Housing Supply in Fayette, NY
How many homes are available in Fayette, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Summary: The Fayette real estate market had 8 homes for sale in November 2024, a 20.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 4 | -42.9% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Fayette housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 42.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Fayette in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 20 Days | -43.4% |
Summary: Homes in Fayette had an average of 20 days on market in Nov 2024, down by 43.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was 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 November 2024, 1 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.