$4,738 Closing Credit*
$399,000
2,186 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jorjienne LaBarge, Listing Office: Bell Home Team
Is Fayetteville, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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, NY
How much do homes in Fayetteville, NY cost?
Median Sold Price
$379,900
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$51,400(+15.6%)
Key Takeaway
Homes in Fayetteville have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $379,900 in November 2024, up 15.6% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $277.7K | $241K | -13.2% |
| 3 Bedrooms | $270.6K | $302.5K | +11.8% |
| 4 Bedrooms | $365.3K | $430.2K | +17.8% |
| 5+ Bedrooms | $500K | $532.5K | +6.5% |
Summary: Fayetteville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 6.5%.
Housing Supply in Fayetteville, NY
How many homes are available in Fayetteville, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 68 | 54 | -20.6% |
Summary: The Fayetteville real estate market had 54 homes for sale in November 2024, a 20.6% 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 | 9 | 4 | -55.6% |
| 3 Bedrooms | 21 | 19 | -9.5% |
| 4 Bedrooms | 29 | 22 | -24.1% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Fayetteville 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 decreased by 55.6%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 24.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Fayetteville in November 2024, down by 33.3% month-over-month. Of the 12 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Fayetteville, NY
How long does it take to sell a home in Fayetteville, NY?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 13 Days | -17.1% |
Summary: Homes in Fayetteville had an average of 13 days on market in Nov 2024, down by 17.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Fayetteville; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
