Fayette County Housing Market Report February 2025•Fayette County, Tennessee

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Housing Prices in Fayette County, TN

How much do homes in Fayette County, TN cost?

Housing Market Conditions

Is Fayette County, TN 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 County is a Buyer's Market

Difference Since February 2024

Since last year, Fayette County has remained a Buyer's Market.

Insight

Fayette County 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.
$379,900$173/SqFt
+$20,000
+5.6%

Based on all homes sold in the last 12 months

Insight

Homes in Fayette County have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Fayette County was $379,900 in February 2025, up 5.6% from last year, and the median price per square foot was $173.

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.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$258.7K$180K
-30.4%
3$300K$325K
+8.3%
4$370.9K$406K
+9.4%
5$444.9K$477.4K
+7.3%

Summary: Fayette County housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -30.4%. The home price for 3 bedroom homes increased by +8.3%. The home price for 4 bedroom homes increased by +9.4%. The home price for 5 bedroom homes increased by +7.3%.

How does Fayette County, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Fayette County, TN

Housing supply in Fayette County, TN

How many homes are available in Fayette County, TN?

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
244Last MonthFeb 2025
2272 months agoJan 2025
+7.5 %
Change MoMJan – Feb

Summary: The Fayette County real estate market had 244 homes for sale in Feb 2025, a 7.5 % increase compared to Jan 2025.

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
23Last MonthFeb 2025
272 months agoJan 2025
-14.8 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
267
+16.7%
38296
+17.1%
53735
-5.4%
111
0.0%
4101105
+4.0%

Summary: Fayette County housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes increased by +16.7%. The inventory for 3 bedroom homes increased by +17.1%. The inventory for 5 bedroom homes decreased by -5.4%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +4.0%.

Asking Price vs. Sold Price

How much do homes in Fayette County, TN 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 Price2 Homes

At Asking Price13 Homes

Under Asking Price8 Homes

Insight

If you're buying a home in Fayette County, expect to pay close to the asking price. 56.5% of homes here sold near the asking price last month.

Summary: A total of 23 homes were sold or pending in Fayette County in February 2025, down by 14.8% month-over-month. Of the 23 sold homes, 35% were sold under asking, 57% were sold at asking, and and 9% 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.

Home sale times aren’t available for this area.

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Newest Listings in Fayette County, TN

What homes are available in Fayette County, TN?

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MLS Disclaimers and Copyright

Based on information from Memphis MLS, RealTracs Middle Tennessee Regional MLS, and MLS United for the period 03/01/2023 - 03/01/2025

Copyright© 2025 Memphis Area Association of REALTORS. The information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that the consumer may be interested in purchasing. Information deemed reliable, but is not guaranteed accurate. Some or all of the listings displayed may not belong to the firm whose web site is being visited.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX© 2025 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:18:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is deemed to be reliable but not guaranteed. Copyright 2025, MLS United, LLC.
Buyer and/or Buyer's Agent should verify data and evaluate source. This information is furnished by MLS United, LLC. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of MLS United, LLC. 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. The data is deemed reliable but is not guaranteed accurate by the MLS. Neither the MLS nor the Listing Broker will be held responsible for any typographical errors, misinformation and misprints and shall be held totally harmless. All properties are subject to prior sale, change or withdrawal.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.