$1,661 Closing Credit*
$139,900
4 Beds
•1 Full Bath, 1 Partial
Jody L. Moebius, Listing Office: Berkshire Hathaway The Preferred 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
Last month, Fayette City was a Neutral 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
$269,000
$146/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$160,000(-37.3%)
Key Takeaway
Homes in Fayette City have sold for 37.3% less than they did a month ago.
Summary: The median home sold price in Fayette City was $269,000 in October 2024, down 37.3% from last month, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $429K | $269K | -37.3% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Fayette City housing prices by bedroom type for October 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 decreased by 37.3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Fayette City real estate market had 5 homes for sale in October 2024, a 16.7% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Fayette City 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 decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette City, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Fayette City in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 61 Days | 44 Days | -27.9% |
Summary: Homes in Fayette City had an average of 44 days on market in Oct 2024, down by 27.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayette City has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Fayette City; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.