$4,453 Closing Credit*
$375,000
3 Beds
•2 Full Baths, 1 Partial
Joshua Crowe, Listing Office: Berkshire Hathaway The Preferred Realty
Is Fayette County, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Fayette County was a Seller's Market.
Key Takeaway
Fayette County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fayette County, PA
How much do homes in Fayette County, PA cost?
Median Sold Price
$162,000
$111/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$2,266(+1.4%)
Key Takeaway
Homes in Fayette County have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Fayette County was $162,000 in October 2024, up 1.4% from last year, and the median price per square foot was $111.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $57.7K | $114.5K | +98.3% |
| 2 Bedrooms | $115K | $105K | -8.7% |
| 3 Bedrooms | $165K | $180K | +9.1% |
| 4 Bedrooms | $190K | $195K | +2.6% |
| 5+ Bedrooms | $169K | $191.5K | +13.3% |
Summary: Fayette County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 98.3%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Counties
| Washington County | $240.2K | $258.9K | +7.8% |
| Westmoreland County | $193.4K | $207.1K | +7.1% |
| Fayette County | $159.7K | $162K | +1.4% |
| Greene County | $159.6K | $159.9K | 0.2% |
| Somerset County | $203.9K | $198K | -2.9% |
Housing Supply in Fayette County, PA
How many homes are available in Fayette County, PA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 431 | 446 | +3.5% |
Summary: The Fayette County real estate market had 446 homes for sale in October 2024, a 3.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 98 | 105 | +7.1% |
| 3 Bedrooms | 224 | 235 | +4.9% |
| 4 Bedrooms | 84 | 79 | -6.0% |
| 5+ Bedrooms | 21 | 24 | +14.3% |
Summary: The Fayette County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 4.9%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 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. 68.1% of homes here sold below asking price last month.
Summary: A total of 72 homes were sold or pending in Fayette County in October 2024, up by 2.9% month-over-month. Of the 72 sold homes, 68% were sold under asking, 21% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 63 Days | +16.2% |
Summary: Homes in Fayette County had an average of 63 days on market in Oct 2024, up by 16.2% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fayette County has remained consistent over time.
Summary: During October 2024, 72 homes were sold in Fayette County; 31% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 24% 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.