$5,344 Closing Credit*
$450,000
1,595 SqFt
3 Beds
•2 Full Baths
Linda Crawford, Listing Office: Hunt Real Estate ERA
Is Fayetteville, 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, 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
$384,000
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$55,500(+16.9%)
Key Takeaway
Homes in Fayetteville have sold for 16.9% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $384,000 in October 2024, up 16.9% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $273K | $231.5K | -15.2% |
| 3 Bedrooms | $276K | $312.5K | +13.2% |
| 4 Bedrooms | $348.5K | $430.5K | +23.5% |
| 5+ Bedrooms | $538K | $529K | -1.7% |
Summary: Fayetteville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in Fayetteville, NY
How many homes are available in Fayetteville, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 67 | 61 | -9.0% |
Summary: The Fayetteville real estate market had 61 homes for sale in October 2024, a 9.0% 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 | 9 | 9 | 0.0% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 32 | 26 | -18.8% |
| 5+ Bedrooms | 10 | 9 | -10.0% |
Summary: The Fayetteville 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 remained the same, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 18.8%, and 5+ bedroom homes decreased by 10%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayetteville, you could pay more than the asking price. 69.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Fayetteville in October 2024, down by 23.5% month-over-month. Of the 13 sold homes, 23% were sold under asking, 8% were sold at asking, and 69% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 10 Days | +5.3% |
Summary: Homes in Fayetteville had an average of 10 days on market in Oct 2024, up by 5.3% compared to last year.
Breakdown of Home Sale Times
11 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 October 2024, 13 homes were sold in Fayetteville; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
