KENNETH BAREFOOT, Listing Office: COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Fayetteville Housing Market Report December 2024•Cumberland County, North Carolina
Housing Prices in Fayetteville, NC
How much do homes in Fayetteville, NC cost?
Housing Market Conditions
Is Fayetteville, NC a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Fayetteville is a Seller's Market
Difference Since December 2023
Since last year, Fayetteville has remained a Seller's Market.
Fayetteville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Fayetteville have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Fayetteville was $236,259 in December 2024, up 5.8% from last year, and the median price per square foot was $146.
Median Sold Price By City
City | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
Cross Creek Township | $215K | $230.7K | +7.3% |
Seventy-First Township | $210.4K | $224.9K | +6.9% |
Pearces Mill Township | $210.5K | $224.7K | +6.8% |
Fayetteville | $223.2K | $236.2K | +5.8% |
Median Sold Price By Bedrooms
Beds | Dec 2023 | Dec 2024 | Change YoY |
---|---|---|---|
11 Bedroom | $78.9K | $73K | -7.5% |
22 Bedrooms | $123.5K | $135K | +9.3% |
33 Bedrooms | $203.4K | $219.4K | +7.9% |
44 Bedrooms | $314.2K | $315K | 0.2% |
55+ Bedrooms | $423.2K | $438.2K | +3.5% |
Summary: Fayetteville housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -7.5%. The home price for 2 bedroom homes increased by +9.3%. The home price for 3 bedroom homes increased by +7.9%. The home price for 4 bedroom homes increased by 0.2%. The home price for 5 bedroom homes increased by +3.5%.
Housing supply in Fayetteville, NC
How many homes are available in Fayetteville, NC?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
1,146Last MonthDec 2024 | ||
1,2142 months agoNov 2024 | -5.6 % Change MoMNov – Dec |
Summary: The Fayetteville real estate market had 1,146 homes for sale in Dec 2024, a 5.6 % decrease compared to Nov 2024.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
218Last MonthDec 2024 | ||
2482 months agoNov 2024 | -12.1 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
Beds | Nov 2024 | Dec 2024 | Change MoM |
---|---|---|---|
11 Bedroom | 4 | 5 | +25.0% |
22 Bedrooms | 102 | 103 | +1.0% |
33 Bedrooms | 697 | 652 | -6.5% |
44 Bedrooms | 318 | 299 | -6.0% |
55+ Bedrooms | 93 | 87 | -6.5% |
Summary: Fayetteville housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +1.0%. The inventory for 3 bedroom homes decreased by -6.5%. The inventory for 4 bedroom homes decreased by -6.0%. The inventory for 5 bedroom homes decreased by -6.5%.
Asking Price vs. Sold Price
How much do homes in Fayetteville, NC cost?
Over Asking Price38 Homes
At Asking Price68 Homes
Under Asking Price112 Homes
If you're buying a home in Fayetteville, you may be able to get a good deal. 51.4% of homes here sold below asking price last month.
Summary: A total of 218 homes were sold or pending in Fayetteville in December 2024, down by 12.1% month-over-month. Of the 218 sold homes, 51% were sold under asking, 31% were sold at asking, and and 17% were sold over asking.
Days on Market for Fayetteville, NC
How long does it take to sell a home in Fayetteville, NC?
Breakdown of Home Sale Times
Under 30 Days134 Homes
30 – 90 Days57 Homes
Over 90 Days27 Homes
Many homes in Fayetteville are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 218 homes were sold in Fayetteville; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
36 DaysThis YearDec 2024 | ||
28 Days1 year agoDec 2023 | +27.9 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Fayetteville had an average listing age of 36 days in Dec 2024, up by 27.9% compared to the previous year.
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Newest Listings in Fayetteville, NC
What homes are available in Fayetteville, NC?
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Based on information from Doorify MLS, Longleaf Pine REALTORS®, Hive MLS, Canopy MLS, and Real Estate Information Network for the period 01/01/2023 - 01/01/2025
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Last updated on: 1/17/2025, 11:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 10:51:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 1/17/2025, 11:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.