Is Fayette, IA 52142 a buyer’s or seller’s market?
Fayette is a seller’s market. With about 3.7 months of supply and 14% 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, 14% of homes in Fayette, IA 52142 sold above their list price, the typical home went under contract in 15 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 (13% then), homes sold faster (58 days then) and the median sale price rose 4% to $139,440. Overall, Fayette is more competitive than a year ago, so tougher for buyers.
Within Fayette County, homes here sell faster than in 70% of the county’s ZIP codes, and sell more often over asking than in 70%.
Nearby, buyers who want less competition could look at Waucoma 52171 (0% sold over asking) or Wadena 52169 (0% sold over asking), while Oelwein 50662 (28% sold over asking) and Elgin 52141 (17% sold over asking) are even more competitive.
Run the numbers for 52142
Nearby markets
Arlington 50606 — /sq ftClermont 52135 $74 /sq ftElgin 52141Seller’s market $99 /sq ftHawkeye 52147Buyer’s market $113 /sq ft Browse all markets →Towns like Fayette nearby
Find towns like Fayette in other states →Where Fayette is
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Questions about Fayette real estate
Is Fayette a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Fayette, IA 52142 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 15 days in the latest three months.
Do homes in Fayette sell over asking?
14% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Fayette?
About 1.30% of a home’s value a year in Fayette County, or roughly $5,200 on a $400,000 home.
What is the median home price in Fayette?
The median sale price was $139,440 in the three months ending August 31, 2026, about $105 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