Is Fayette City, PA 15438 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Fayette City is a seller’s market. With about 1.3 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.3Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list93.7%Sold price ÷ list price
Median days on market56Listing to accepted offer
Median price per sq ft$121▼ −1.6% vs. last year

The Fayette City housing market right now

In the three months ending August 31, 2026, 20% of homes in Fayette City, PA 15438 sold above their list price, the typical home went under contract in 56 days and there were 1.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold more slowly (49 days then) and the median sale price fell 20% to $127,470. Overall, Fayette City is more competitive than a year ago, so tougher for buyers.

Within Fayette County, homes here sell more slowly than in 61% of the county’s ZIP codes, and sell more often over asking than in 68%.

Nearby, buyers who want less competition could look at Everson 15631 (0% sold over asking) or Vanderbilt 15486 (0% sold over asking), while Hiller 15444 (100% sold over asking) and East Millsboro 15433 (50% sold over asking) are even more competitive.

Nearby markets

Adah 15410Buyer’s market $32 /sq ftAllison 15413Seller’s market — /sq ftCardale 15420 — /sq ftChalk Hill 15421Seller’s market $234 /sq ft Browse all markets →

Where Fayette City is

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Questions about Fayette City real estate

Is Fayette City a buyer’s or seller’s market?

A seller’s market: there were 1.3 months of supply in Fayette City, PA 15438 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Fayette City?

The typical home went under contract in 56 days in the latest three months.

Do homes in Fayette City sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 93.7% of the list price.

What are property taxes in Fayette City?

About 1.12% of a home’s value a year in Fayette County, or roughly $4,480 on a $400,000 home.

What is the median home price in Fayette City?

The median sale price was $127,470 in the three months ending August 31, 2026, about $121 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology