$1,250,000
Land
Linda Plant, Listing Office: Martha Turner Sotheby's International 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 November 2023
Since last year, Fayette County has remained a Buyer's 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
$387,500
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-1.9%)
Key Takeaway
Homes in Fayette County have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Fayette County was $387,500 in November 2024, down 1.9% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $817.5K | $421.2K | -48.5% |
| 2 Bedrooms | $287.5K | $335K | +16.5% |
| 3 Bedrooms | $363K | $385K | +6.1% |
| 4 Bedrooms | $586.2K | $440K | -24.9% |
| 5+ Bedrooms | $1.0M | $1.6M | +63.3% |
Summary: Fayette County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 24.9%, and 5+ bedroom homes increased by 63.3%.
Median Sold Price Compared To Nearby Counties
| Lee County | $284.5K | $315K | +10.7% |
| Colorado County | $269K | $285K | +5.9% |
| Washington County | $319.6K | $320K | 0.1% |
| Fayette County | $395K | $387.5K | -1.9% |
Housing Supply in Fayette County, TX
How many homes are available in Fayette County, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 226 | 224 | -0.9% |
Summary: The Fayette County real estate market had 224 homes for sale in November 2024, a 0.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 51 | 51 | 0.0% |
| 3 Bedrooms | 103 | 99 | -3.9% |
| 4 Bedrooms | 42 | 46 | +9.5% |
| 5+ Bedrooms | 24 | 22 | -8.3% |
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 decreased by 3.9%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette County, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Fayette County in November 2024, down by 27.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 19% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 55 Days | 79 Days | +44.6% |
Summary: Homes in Fayette County had an average of 79 days on market in Nov 2024, up by 44.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayette County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Fayette County; 44% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price. 
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