Fayette Housing Market Report January 2025•Howard County, Missouri

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Housing Prices in Fayette, MO

How much do homes in Fayette, MO cost?

Housing Market Conditions

Is Fayette, MO a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Fayette is a Buyer's Market

Difference Since December 2024

Last month, Fayette has remained a Buyer's Market.

Insight

Fayette is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$1,760,000$563/SqFt
+$1,532,000
+671.9%

Based on all homes sold in January 2025

Insight

Homes in Fayette have sold for 671.9% more than they did a month ago.

Summary: The median home sold price in Fayette was $1,760,000 in January 2025, up 671.9% from last month, and the median price per square foot was $563.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2024Jan 2025Change YoY
1--
N/A
2--
N/A
3--
N/A
4$228K$1.7M
+671.9%
5--
N/A

Summary: Fayette housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes did not change. The home price for 4 bedroom homes increased by +671.9%. The home price for 5 bedroom homes did not change.

Housing supply in Fayette, MO

How many homes are available in Fayette, MO?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
13Last MonthJan 2025
102 months agoDec 2024
+30.0 %
Change MoMDec – Jan

Summary: The Fayette real estate market had 13 homes for sale in Jan 2025, a 30.0 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthJan 2025
12 months agoDec 2024
0.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
101
+100.0%
211
0.0%
335
+66.7%
443
-25.0%
523
+50.0%

Summary: Fayette housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +66.7%. The inventory for 4 bedroom homes decreased by -25.0%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Fayette, MO cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Fayette, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Fayette in January 2025, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Fayette, MO

How long does it take to sell a home in Fayette, MO?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days1 Home

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Fayette has remained consistent over time.

Summary: During January 2025, 1 homes were sold in Fayette; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
35 DaysLast MonthJan 2025
146 Days1 month agoDec 2024
-76.0 %
Change MoMDec – Jan

Summary: Homes in Fayette had an average listing age of 35 days in Jan 2025, down by 76.0% compared to the previous month.

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Newest Listings in Fayette, MO

What homes are available in Fayette, MO?

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MLS Disclaimers and Copyright

Based on information from Columbia MLS, for the period 12/01/2024 - 02/01/2025

IDX Listing information comes in part from the Internet Data Exchange (IDX) of the Columbia Board of REALTORS ® or its Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non - commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Copyright © 2025 Columbia Board of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/12/2025, 2:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.