$236 Closing Credit*
$19,900
1,377 SqFt
2 Beds
•2 Full Baths
Paul Bortz, Listing Office: Coldwell Banker Laurel Ridge Realty
Is Fayette City, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Fayette City has remained a Seller's Market.
Key Takeaway
Fayette City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayette City, PA
How much do homes in Fayette City, PA cost?
Median Sold Price
$294,950
$107/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
+$155,050(+110.8%)
Key Takeaway
Homes in Fayette City have sold for 110.8% more than they did a month ago.
Summary: The median home sold price in Fayette City was $294,950 in December 2024, up 110.8% from last month, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $139.9K | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | $139.9K | - | N/A |
| 5+ Bedrooms | - | $450K | N/A |
Summary: Fayette City housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Fayette City, PA
How many homes are available in Fayette City, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Summary: The Fayette City real estate market had 7 homes for sale in December 2024, a 40.0% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 1 | 2 | +100.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fayette City housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette City, 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 City in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Fayette City, PA
How long does it take to sell a home in Fayette City, PA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 56 Days | 38 Days | -31.3% |
Summary: Homes in Fayette City had an average of 38 days on market in Dec 2024, down by 31.3% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayette City are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 2 homes were sold in Fayette City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
