The Fayetteville housing market is showing balanced conditions with stable prices and moderate inventory levels. The median home price in Fayetteville currently stands at $419,250. With 5.0 months of supply, Fayetteville's inventory levels remain relatively tight. Homes are taking about 51 days to sell, which is NaN days longer than this time last year. A significant 40.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Fayetteville market with the affordability index at 1780.3. Based on current market indicators, home prices in Fayetteville are projected to increase by approximately 6.8% over the next month.
Fayetteville, AL has a total population of 1,109 residents. The area is predominantly White (92.8%), The African American population is 7.2%. The area has a more homogeneous population distribution. The small population size creates an intimate community atmosphere in Fayetteville, AL.
Market predictions for Fayetteville, AL show relatively stable home prices with minimal change (-0.0%) over the recent period. This suggests a gradual price adjustment in the market. The current median home price in Fayetteville, AL is approximately $447,589.818. The stable price trend suggests a balanced market in Fayetteville, AL, suitable for both buyers and sellers.
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