Local Housing Trends: Fayetteville, NC – February 2025

Hey there, buyers and sellers! Let's dive into the exciting world of real estate metrics and see how they all correlate to give you a better understanding of the market.

Market Overview

Fayetteville’s housing market has remained active, with steady demand for homes despite fluctuations in interest rates. Home values have seen a moderate increase, while inventory levels are adjusting to meet buyer demand.

First up, we have the Months Supply of Inventory sitting at 3.25. This number indicates how long it would take for all the current listings to sell at the current rate of sales. A lower number typically means a more competitive market for buyers.

The 12-Month Change in Months of Inventory is at +47.73%, a significant increase showing that more inventory has become available over the past year. Sellers may need to adjust their pricing or marketing strategies accordingly.

The Median Days Homes are On the Market is 29, meaning homes are selling in under a month on average. A lower number suggests a fast-moving market with high demand.

The Sold to List Price Percentage is 98.1%, indicating that homes are typically selling very close to their asking price. This is good news for sellers as it shows strong buyer interest and competition.

The Median Sold Price is $256,000, providing a snapshot of the average sale price in the market. Buyers can use this information to gauge property affordability in the area.

Buyer’s Market vs. Seller’s Market

Right now, Fayetteville is experiencing a seller's market, meaning there are many interested buyers, but the real estate inventory is low. Buyers should be prepared to act quickly, while sellers can still expect competitive offers if their homes are well-priced.

Tips for Buyers & Sellers

• For Buyers: Get pre-approved, work with a local real estate expert, and be ready to make an offer quickly in competitive areas.

• For Sellers: Price your home strategically, enhance curb appeal, and consider minor upgrades to maximize your home’s value.

  
  

Looking Ahead

Overall, these metrics paint a picture of a market with moderate inventory levels, quick turnaround times for listings, and strong buyer demand. Sellers should feel confident in the current market conditions, while buyers may need to act fast and be prepared to make competitive offers.

Staying informed and working with a knowledgeable real estate professional will be key to navigating the market successfully.

Happy house hunting! Stay tuned for next month’s update!