Is Fayette County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fayette County was a Buyer's Market.
Housing Prices in Fayette County, TN
How much do homes in Fayette County, TN cost?
Median Sold Price
$350,660
$41/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayette County was $350,660 in April 2024, down 8.4% from last year, and the median price per square foot was $41.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $282.5K | N/A |
2 Bedrooms | $405.5K | $308K | -24.0% |
3 Bedrooms | $285K | $293.3K | +2.9% |
4 Bedrooms | $450K | $369.9K | -17.8% |
5+ Bedrooms | $475.8K | $445K | -6.5% |
Summary: Fayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 6.5%.
Median Sold Price Compared To Nearby Counties
Tipton County | $260K | $292.7K | +12.6% |
Shelby County | $270.8K | $264.4K | -2.4% |
Fayette County | $382.7K | $350.6K | -8.4% |
Housing Supply in Fayette County, TN
How many homes are available in Fayette County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
204 | 222 | +8.8% |
Summary: The Fayette County real estate market had 222 homes for sale in April 2024, a 8.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 4 | +33.3% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 65 | 69 | +6.2% |
4 Bedrooms | 104 | 116 | +11.5% |
5+ Bedrooms | 24 | 26 | +8.3% |
Summary: The Fayette County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 37 | +19.4% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 37 homes were sold or pending in Fayette County in April 2024, up by 19.4% month-over-month. Of the 37 sold homes, 49% were sold under asking, 38% were sold at asking, and 14% 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