Is Fayetteville, TX 78940 a buyer’s or seller’s market?
Fayetteville is a buyer’s market. With about 22.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Fayetteville housing market right now
In the three months ending August 31, 2026, 0% of homes in Fayetteville, TX 78940 sold above their list price, the typical home went under contract in 54 days and there were 22.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (224 days then) and the median sale price fell 4% to $372,839. Overall, Fayetteville is more competitive than a year ago, so tougher for buyers.
Within Fayette County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, La Grange 78945 (5% sold over asking) is even more competitive.
Run the numbers for 78940
Nearby markets
Ellinger 78938Seller’s market $169 /sq ftFlatonia 78941Buyer’s market $103 /sq ftLa Grange 78945Buyer’s market $168 /sq ftMuldoon 78949 — /sq ft Browse all markets →Towns like Fayetteville nearby
Find towns like Fayetteville in other states →Where Fayetteville is
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Questions about Fayetteville real estate
Is Fayetteville a buyer’s or seller’s market?
A buyer’s market: there were 22.4 months of supply in Fayetteville, TX 78940 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 Fayetteville?
The typical home went under contract in 54 days in the latest three months.
Do homes in Fayetteville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.
What are property taxes in Fayetteville?
About 0.89% of a home’s value a year in Fayette County, or roughly $3,560 on a $400,000 home.
What is the median home price in Fayetteville?
The median sale price was $372,839 in the three months ending August 31, 2026, about $249 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