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Fayetteville, NC housing market

The Fayetteville housing market isn’t that competitive. The median home sales price in September 2024 has increased in the past 3 months to $240,000. That’s up 17.1% and $35,000 higher than September 2023 of last year. That is higher than the North Carolina state median home sales price of $377,700. Homes typically sell after 23 days on market, which is faster than the state average and higher than 7 days in September 2023 a year prior.

Housing market overview for

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Trended Median Home Values

How much do homes in Fayetteville, NC cost?

The median home price in Fayetteville was $240,000 in September 2024, up 17.1% from last year.

September's median sale price
$240K
Caret UpUp $35K and 17.1% since Sep 2023
Trended Homes Inventory

How many homes are available in Fayetteville, NC?

The real estate market in Fayetteville had 580 homes for sale in September and is up from 552 homes for sale the month prior and up from 381 homes in September 2023.

Homes for sale in September
580
Caret UpUp 199 and 52.2% since Sep 2023
Trended Homes Sold

How many homes are sold in Fayetteville, NC?

There were 231 homes sold in September 2024, trending down from 271 homes sold a year ago.

Homes sold in September
231
Caret DownDown 40 and 14.8% since Sep 2023
Trended Median Days on Market

How long does it take to sell a home in Fayetteville, NC?

Homes in Fayetteville are staying on the market for 23 days. That’s 16 days slower than the median in September 2023, which means that the market is less competitive today.

Median days on market in September
23
Caret UpUp 16 and 228.6% since Sep 2023

Is it a buyer’s or seller’s market in Fayetteville, NC?

It is considered a seller’s market right now. Housing inventory is up since last year, which means supply is less constrained. Mortgage rates are 6.9%, making the average house payment $1,664, which is $133 higher than a year before.

Total months of housing supply available for sale is 2.5 months, up 92.3% from 1.3 month(s) in September 2023.

Months of Supply

The Months of Supply housing metric is an estimate of how long it would take to sell all the homes for sale relative to the number of homes sold each month. Historically, 5 to 6 months is the average. You may also hear this metric referred to as the "absorption rate."

Lower months of housing supply typically signal a seller’s market whereas when months of supply is greater than 6 months typically signal a buyer’s market.

Sales to Listing Ratio

Sales to Listing Ratios are an indicator of supply and demand. It is all the completed sales in the past month divided by the total number of active listings.

In a balanced real estate market, the total number of home sales to active listings ratio is between 0.12 and 0.2 while markets with a ratio higher than 0.2 favors seller’s, as homes are selling fast and there is limited inventory, while markets below 0.12 favor home buyers because there is a larger supply of homes to purchase.

Selling a house in Fayetteville, NC

Home values have increased by 16.2% since last year, and the number of days it takes to sell a home has increased from 8 days in September 2023 to 23 days in September 2024.

The best time to sell your home in Fayetteville is in September, when homes sell fastest and for the most money.

Sellers typically pay the commission of both the listing and buyer’s agents, which typically total 5-6% of the home sale price. That’s $14,400 paid in commission to the real estate agents. You’d also need to factor in closing costs, plus other fees and your mortgage payoff amount, to calculate the net proceeds from your home sale.

Buying a house in Fayetteville, NC

Homes in Fayetteville have a median price of $240,000, which means you’ll need $24,000 for a 10% down payment. Housing costs have increased 16.2% in the past year. When you’re several months out and have your down payment saved, make sure to get pre-approved for a mortgage and find a real estate agent.

Home values are only one part of the home affordability equation. When buying a house in Fayetteville, don’t forget to also account for closing costs, which are typically 3-4% of the home cost. In addition to a down payment of $24,000 you should have $9,600 as well as budget for cash reserves, moving expenses and ongoing homeownership costs for home maintenance and repairs or HOA fees.

Fayetteville home values are 11.3% cheaper than Spring Lake and 57.4% cheaper than the state median home value.

How does the Fayetteville real estate market compare to other markets?

The Fayetteville real estate market has a median sale price of $240,000, which is 57.4% lower than the state median sale price of $377,700. Compare other markets or nearby cities, as they can vary significantly.

Fayetteville, NC
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Spring Lake, NC
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North Carolina
Median home saleMedian home saleMedian home sale
$240,000$267,000$377,700
Days on marketDays on marketDays on market
236644
Monthly house payment
Monthly house payment
Monthly house payment
$1,664$1,843$2,582
Cost to buy a house
Cost to buy a house
Cost to buy a house
$33,600$37,380$52,878
Cost to sell a house
Cost to sell a house
Cost to sell a house
$16,800$18,690$26,439

Take the next step in Fayetteville: Find an agent

Navigating the Fayetteville housing market can be tricky, but you don’t have to go it alone. When you're ready to learn more, reach out to a local Fayetteville real estate agent to get the process started. We recommend interviewing multiple candidates and coming prepared with a list of all your questions.

Fayetteville, NC housing market FAQs

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