Fayetteville TN Real Estate Market Report 12/26/2012
Fayetteville Tennessee home resale inventories decreased slightly since November 2012. Distressed properties such as foreclosures and short sales increased as a percentage of the total market in December.
The median listing price in Fayetteville went down from November to December.
Fayetteville TN Price Trends – Sold verses Listed
The median list price in December for single family homes in Fayetteville is $124,372. The list prices increased by 2.87% from the previous month. The price per square foot for listings in this area is $78.
The average listing price for homes for sale in Fayetteville TN was $165,926 for the week ending Dec 12, which represents a decrease of 0.1%, or $233, compared to the prior week.
Fayetteville TN Market Inventory Trends
The number of active listings in Fayetteville dropped by 0.4% from the previous month. The median number of days active properties have been listed is 131.
Fayetteville TN Average Listing Price
The percent of owner occupied properties in Fayetteville is 11.14% below the national average. The percent of rental properties in Fayetteville is 18.21% above the national average which is typical for urban areas.
Most popular zip codes in Lincoln County TN – Avg. listing price – Week ending Dec 12
37334 – $165,926-0.1%
38449 – 228,914+1.9%
37144 – $226,332-0.9%
38488 – $289,750+1.0%
37335 – $128,139-1.4%
Fayetteville, Tennessee is located in Lincoln County Tennessee. Nearby cities and towns include Flintville, Hazel Green, Lynchburg, Moore County, Park City and Petersburg. Fayetteville zip code is 37334 (see Zip Code Boundary Map).
As of 2012, Fayetteville population is 6,827 with 626 people per square mile (population density). The median age is 43.8. 36.58% of people in Fayetteville are married. 14.12% are divorced. The average household size is 2.24 people. 19.86% of people are married with children and 21.37% have children and single. Schools in Fayetteville belong to the Fayetteville City School System.
Fayetteville offers a wide variety of new and resale properties. Homes range from one and two-story homes, gated communities, condominiums, townhomes, golf homes, equestrian properties, luxury real estate and properties with views.
Whether you are considering buying a home in Fayetteville Tennessee or selling your existing home, our goal is to provide you with expert advice and exceptional customer service every step of the way.
As a home buyer, we will listen to your needs and desires and assist you in finding the perfect home in the right neighborhood to fit for your lifestyle and needs.
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As a home seller, expect nothing less than personalized service including a detailed consultation that competitively positions your home in today’s market. The consultation will include an in-depth Comparative Market Analysis (CMA). Our goal is to get your Fayetteville TN real estate in front of as many people as possible and get it sold as quickly as possible!
As an investor, we also have several services available in the preparation for the sale of REO’S and Short Sale properties. This includes a variety of professional sub-contractors who can do whatever is needed to prepare the property for sale. Once the property is ready, we can also help you with your unique marketing needs.
It’s about a relationship based on trust, knowledge and expertise and as our client, you can rest assured that we will do everything we can to make sure that your home buying or selling experience is a pleasant one.
Give us a call today at (931) 433-4070 or email us with your specific inquiries, and let us know how we can best serve your Fayetteville TN real estate needs!