$3,800 Closing Credit*
$320,000
2,241 SqFt
4 Beds
•2 Full Baths
Machell Tompkins, Listing Office: Fathom Realty
Is Fayette County, TX 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 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, TX
How much do homes in Fayette County, TX cost?
Median Sold Price
$400,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,000(+3.9%)
Key Takeaway
Homes in Fayette County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Fayette County was $400,000 in October 2024, up 3.9% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $817.5K | $383K | -53.1% |
| 2 Bedrooms | $280K | $343.5K | +22.7% |
| 3 Bedrooms | $365K | $385K | +5.5% |
| 4 Bedrooms | $586.2K | $436K | -25.6% |
| 5+ Bedrooms | $1.6M | $680K | -58.5% |
Summary: Fayette County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.1%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 25.6%, and 5+ bedroom homes decreased by 58.5%.
Median Sold Price Compared To Nearby Counties
| Lavaca County | $215K | $267.4K | +24.4% |
| Lee County | $281.5K | $315K | +11.9% |
| Colorado County | $265K | $279K | +5.3% |
| Fayette County | $385K | $400K | +3.9% |
| Washington County | $315K | $324.5K | +3.0% |
Housing Supply in Fayette County, TX
How many homes are available in Fayette County, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 225 | 244 | +8.4% |
Summary: The Fayette County real estate market had 244 homes for sale in October 2024, a 8.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 47 | 50 | +6.4% |
| 3 Bedrooms | 107 | 116 | +8.4% |
| 4 Bedrooms | 43 | 46 | +7.0% |
| 5+ Bedrooms | 22 | 24 | +9.1% |
Summary: The Fayette County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 8.4%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 19 | +26.7% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 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. 100% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Fayette County in October 2024, up by 26.7% month-over-month. Of the 19 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Fayette County, TX
How long does it take to sell a home in Fayette County, TX?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 119 Days | +76.9% |
Summary: Homes in Fayette County had an average of 119 days on market in Oct 2024, up by 76.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fayette County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 19 homes were sold in Fayette County; 21% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
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