Is Fayette, MS 39069 a buyer’s or seller’s market?
Fayette is a seller’s market. With about 1.6 months of supply and 0% 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.
The Fayette housing market right now
In the three months ending August 31, 2026, 0% of homes in Fayette, MS 39069 sold above their list price, the typical home went under contract in 141 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (399 days then) and the median sale price rose 301% to $52,097. Overall, Fayette is more competitive than a year ago, so tougher for buyers.
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Questions about Fayette real estate
Is Fayette a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Fayette, MS 39069 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?
The typical home went under contract in 141 days in the latest three months.
Do homes in Fayette sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Fayette?
About 0.86% of a home’s value a year in Jefferson County, or roughly $3,440 on a $400,000 home.
What is the median home price in Fayette?
The median sale price was $52,097 in the three months ending August 31, 2026, about $31 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