$2,553 Closing Credit*
$215,000
2,080 SqFt
4 Beds
•1 Full Bath, 1 Partial
CHRISTOPHER CARR, Listing Office: Homezu
Is Fayette County, PA 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 County was a Seller's Market.
Key Takeaway
Fayette County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fayette County, PA
How much do homes in Fayette County, PA cost?
Median Sold Price
$162,280
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,425(+2.2%)
Key Takeaway
Homes in Fayette County have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Fayette County was $162,280 in November 2024, up 2.2% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $53K | $114K | +115.1% |
| 2 Bedrooms | $115K | $105K | -8.7% |
| 3 Bedrooms | $165K | $180K | +9.1% |
| 4 Bedrooms | $192K | $200K | +4.2% |
| 5+ Bedrooms | $164.4K | $191.5K | +16.4% |
Summary: Fayette County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 115.1%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Counties
| Washington County | $239.6K | $265.5K | +10.8% |
| Westmoreland County | $194.9K | $209K | +7.2% |
| Fayette County | $158.8K | $162.2K | +2.2% |
| Somerset County | $200.9K | $199.7K | -0.6% |
| Greene County | $159.8K | $158.7K | -0.7% |
Housing Supply in Fayette County, PA
How many homes are available in Fayette County, PA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 435 | 421 | -3.2% |
Summary: The Fayette County real estate market had 421 homes for sale in November 2024, a 3.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 101 | 97 | -4.0% |
| 3 Bedrooms | 226 | 220 | -2.7% |
| 4 Bedrooms | 78 | 76 | -2.6% |
| 5+ Bedrooms | 26 | 23 | -11.5% |
Summary: The Fayette County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 4%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 76 | 55 | -27.6% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette County, you may be able to get a good deal. 67.3% of homes here sold below asking price last month.
Summary: A total of 55 homes were sold or pending in Fayette County in November 2024, down by 27.6% month-over-month. Of the 55 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Fayette County, PA
How long does it take to sell a home in Fayette County, PA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 71 Days | +29.6% |
Summary: Homes in Fayette County had an average of 71 days on market in Nov 2024, up by 29.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayette County has remained consistent over time.
Summary: During November 2024, 55 homes were sold in Fayette County; 31% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.