Is Fayetteville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fayetteville has remained a Seller's Market.
Housing Prices in Fayetteville, TN
How much do homes in Fayetteville, TN cost?
Median Sold Price
$242,500
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fayetteville was $242,500 in May 2024, up 10.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $147.4K | $160K | +8.5% |
3 Bedrooms | $225K | $241K | +7.1% |
4 Bedrooms | $232.6K | $371.3K | +59.6% |
5+ Bedrooms | $686.7K | $424K | -38.3% |
Summary: Fayetteville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 59.6%, and 5+ bedroom homes decreased by 38.3%.
Housing Supply in Fayetteville, TN
How many homes are available in Fayetteville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
110 | 114 | +3.6% |
Summary: The Fayetteville real estate market had 114 homes for sale in May 2024, a 3.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 12 | 15 | +25.0% |
3 Bedrooms | 65 | 65 | 0.0% |
4 Bedrooms | 26 | 26 | 0.0% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Fayetteville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 27 | +8.0% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Fayetteville in May 2024, up by 8.0% month-over-month. Of the 26 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Fayetteville, TN
How long does it take to sell a home in Fayetteville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 45 Days | +96.3% |
Summary: Homes in Fayetteville had an average of 45 days on market in May 2024, up by 96.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 27 homes were sold in Fayetteville; 59% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.