Is Fayette, MO 65248 a buyer’s or seller’s market?
Fayette is a seller’s market. With about 3 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, MO 65248 sold above their list price, the typical home went under contract in 26 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (137 days then) and the median sale price fell 19% to $169,926. Overall, Fayette is more competitive than a year ago, so tougher for buyers.
Within Howard County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 65248
Nearby markets
Armstrong 65230Seller’s market $65 /sq ftFranklin 65250 $265 /sq ftGlasgow 65254Seller’s market $149 /sq ftNew Franklin 65274Seller’s market $139 /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 months of supply in Fayette, MO 65248 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 26 days in the latest three months.
Do homes in Fayette sell over asking?
0% of homes sold above their original list price.
What are property taxes in Fayette?
About 0.77% of a home’s value a year in Howard County, or roughly $3,080 on a $400,000 home.
What is the median home price in Fayette?
The median sale price was $169,926 in the three months ending August 31, 2026, about $129 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