$4,026 Closing Credit*
$339,000
3 Beds
•2 Full Baths
Listing Office: Crye-Leike, Inc., REALTORS
Is Fayette County, TN 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 Buyer'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, TN
How much do homes in Fayette County, TN cost?
Median Sold Price
$393,450
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$38,510(+10.8%)
Key Takeaway
Homes in Fayette County have sold for 10.8% more than they did a year ago.
Summary: The median home sold price in Fayette County was $393,450 in October 2024, up 10.8% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $258.7K | - | N/A |
| 3 Bedrooms | $298.7K | $342K | +14.5% |
| 4 Bedrooms | $371.9K | $405K | +8.9% |
| 5+ Bedrooms | $449K | $456.4K | +1.6% |
Summary: Fayette County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in Fayette County, TN
How many homes are available in Fayette County, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 191 | 224 | +17.3% |
Summary: The Fayette County real estate market had 224 homes for sale in October 2024, a 17.3% increase 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 | 1 | 2 | +100.0% |
| 3 Bedrooms | 68 | 82 | +20.6% |
| 4 Bedrooms | 92 | 105 | +14.1% |
| 5+ Bedrooms | 30 | 35 | +16.7% |
Summary: The Fayette County 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 increased by 100%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 12 | 32 | +166.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 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. 46.9% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Fayette County in October 2024, up by 166.7% month-over-month. Of the 32 sold homes, 47% were sold under asking, 38% were sold at asking, and 16% 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
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.