Is Fayette County, TX 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 Seller's Market.
Housing Prices in Fayette County, TX
How much do homes in Fayette County, TX cost?
Median Sold Price
$387,500
$200/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 $387,500 in April 2024, up 3.3% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306.2K | $675K | +120.4% |
2 Bedrooms | $280K | $297.5K | +6.3% |
3 Bedrooms | $384.7K | $330K | -14.2% |
4 Bedrooms | $567.5K | $507K | -10.7% |
5+ Bedrooms | $2.5M | $746.2K | -70.4% |
Summary: Fayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 120.4%, 2 bedroom homes increased by 6.3%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes decreased by 70.4%.
Median Sold Price Compared To Nearby Counties
Lee County | $266K | $320K | +20.3% |
Fayette County | $375K | $387.5K | +3.3% |
Washington County | $318.8K | $324.7K | +1.9% |
Colorado County | $265K | $269K | +1.5% |
Housing Supply in Fayette County, TX
How many homes are available in Fayette County, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
178 | 200 | +12.4% |
Summary: The Fayette County real estate market had 200 homes for sale in April 2024, a 12.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 31 | 34 | +9.7% |
3 Bedrooms | 78 | 87 | +11.5% |
4 Bedrooms | 45 | 52 | +15.6% |
5+ Bedrooms | 18 | 20 | +11.1% |
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 16.7%, 2 bedroom homes increased by 9.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Fayette County in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 70 Days | +48.8% |
Summary: Homes in Fayette County had an average of 70 days on market in Apr 2024, up by 48.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Fayette County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.