$4,144 Closing Credit*
$348,990
3 Beds
•2 Full Baths
Listing Office: D R Horton Memphis
Is Fayette County, TN 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 County was a Neutral 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, TN
How much do homes in Fayette County, TN cost?
Median Sold Price
$352,500
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$52,208(-12.9%)
Key Takeaway
Homes in Fayette County have sold for 12.9% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $139K | N/A |
| 3 Bedrooms | $308.5K | $339.9K | +10.2% |
| 4 Bedrooms | $410K | $369.9K | -9.8% |
| 5+ Bedrooms | $485K | $482.5K | -0.5% |
Summary: Fayette County housing prices by bedroom type for November 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 increased by 10.2%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Counties
| Shelby County | $254.6K | $261.1K | +2.5% |
| Tipton County | $276K | $280.5K | +1.6% |
| Hardeman County | $189.9K | $172.9K | -8.9% |
| Fayette County | $404.7K | $352.5K | -12.9% |
Housing Supply in Fayette County, TN
How many homes are available in Fayette County, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 238 | 246 | +3.4% |
Summary: The Fayette County real estate market had 246 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 90 | 99 | +10.0% |
| 4 Bedrooms | 104 | 99 | -4.8% |
| 5+ Bedrooms | 41 | 45 | +9.8% |
Summary: The Fayette County housing inventory by bedroom type for November 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 10%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes increased by 9.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 24 | -29.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 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. 58.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Fayette County in November 2024, down by 29.4% month-over-month. Of the 24 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.
Days on Market for Fayette County, TN
We’re sorry, we don't have information for this market at the moment
