What Is the Fayetteville, Texas Real Estate Market Doing?

I pulled the numbers for the last 90 days of Fayetteville real estate activity, looking at Residential, Land, and Farm & Ranch.

There is an interesting story in the numbers.

RESIDENTIAL

9 Active
1 Under Contract
0 Sold
1 Withdrawn
1 Expired

Average List Price: $508,075
Average Acreage: 0.72 acres
Average Living Area: 1,608 sq. ft.
Average DOM: 82 days

LAND

5 Active
0 Pending
1 Sold
0 Withdrawn
1 Expired

Average List Price: $319,686
Average Acreage: 5.12 acres
Average DOM: 143 days

The one land sale was 6 acres, listed at $215,000 and sold for $185,000 — 86% of list price — after 51 days on market.

FARM & RANCH

16 Active
1 Pending
3 Sold
1 Withdrawn
0 Expired

Average List Price: $1,709,768
Average Acreage: 34.96 acres
Average DOM: 158 days

The three Farm & Ranch sales averaged $3,467,180 and sold for an average 95.2% of list price after an average 145 days on market.

What jumps out at me?

Inventory is available, but transactions are taking time.

That makes pricing particularly important for sellers. Buyers have choices, and properties that enter the market significantly ahead of where buyers perceive value may spend considerably longer on the market.

For buyers, longer marketing times can also create opportunities to negotiate.

Of course, Fayetteville isn't a cookie-cutter market. An in-town historic home, five acres outside town, vacant land and a working ranch can't be valued with the same formula.

I put together a more detailed look at all three segments of the Fayetteville market on my website.

If you're considering buying or selling in Fayetteville or the surrounding countryside, local numbers are a good starting point. The next step is looking specifically at the property.

Deb Dahlberg-Rowland, Realtor®
Stanberry Realtors
Serving Fayette, Bastrop and surrounding counties