Homes for Sale in Fayetteville

The Fayetteville real estate market offers excellent value for homebuyers, with median home prices significantly below national averages while providing quality housing options across diverse neighborhoods.

Current Market Overview (2024-2025)

Home Prices

• Median home price: $225,000-$239,000
• Typical home value: $199,000-$228,000
• Price per square foot: $130-$150

Market Trend: Prices have shown strong growth over recent years (from $155,000 median in 2021 to $239,000 in 2024), but have moderated in 2025 with slight year-over-year decreases.

Market Conditions

• Days on market: Average 39 days (vs. 24 days last year)
• Inventory: Up 15% year-over-year
• Months of supply: 4.1 months (moving toward balanced market)

The market has shifted from the competitive seller's market of 2021-2023 to a more balanced environment favoring buyers.

Homes by Price Range

Under $200,000

• Older homes in established neighborhoods
• Condos and townhomes
• Homes in Hope Mills, Spring Lake
• Opportunities for first-time buyers

$200,000 - $300,000

• Most common price range
• 3-4 bedroom homes
• Popular neighborhoods: Westover, Gray's Creek
• Good school access
• Family-friendly communities

$300,000 - $450,000

• Newer construction
• Upgraded finishes
• Sought-after neighborhoods: Haymount, Jack Britt
• Larger lots
• Top-rated school districts

$450,000+

• Custom homes
• Premium locations (Southern Pines, Pinehurst)
• Luxury finishes
• Golf course communities
• Estate properties

Popular Neighborhoods for Home Buyers

Haymount

• Price range: $250,000 - $450,000
• Historic charm with modern updates
• Walkable to downtown
• Strong appreciation potential

Jack Britt Area

• Price range: $275,000 - $400,000
• Excellent schools (Jack Britt High)
• Newer developments
• Family-focused community

Gray's Creek

• Price range: $250,000 - $350,000
• Larger lots
• Top-rated schools
• Growing area with new construction

Hope Mills

• Price range: $180,000 - $280,000
• Excellent value
• Lake access
• Good schools

Southern Pines/Pinehurst

• Price range: $350,000 - $600,000+
• Best schools in region
• Golf course living
• Upscale amenities

Home Buying Process in NC

Step 1: Get Pre-Approved

Work with lenders to determine your budget. VA loans widely accepted in Fayetteville.

Step 2: Find a Realtor

Consider military-specialized realtors familiar with:

• PCS timelines
• VA loan process
• Military-friendly communities
• Fort Liberty proximity

Step 3: Home Search

Typical timeline:

• 2-6 weeks to find the right home
• View 5-15 properties average
• Act quickly in competitive neighborhoods

Step 4: Make an Offer

Current market allows for:

• Inspection contingencies
• Appraisal contingencies
• Due diligence period

Step 5: Closing

Average 30-45 days from offer acceptance to closing.

Financing Options

VA Home Loans

Fort Liberty's large military presence makes Fayetteville lenders very VA-loan friendly.

Benefits:

• No down payment
• No PMI
• Competitive rates
• Limited closing costs

Conventional Loans

• 3-20% down payment typical
• PMI if under 20% down
• Wide lender availability

FHA Loans

• 3.5% down payment
• Lower credit score requirements
• Popular for first-time buyers

New Construction

Fayetteville has active new home construction in several areas:

Popular Builders:

• DR Horton
• Ryan Homes
• Mungo Homes
• Local custom builders

New Construction Areas:

• Gray's Creek
• Hope Mills
• Anderson Creek
• East Fayetteville

Timeline: 4-8 months from contract to move-in

Investment Properties

Fayetteville attracts real estate investors due to:

• Strong rental demand (military turnover)
• Affordable entry prices
• Positive cash flow potential
• Growing market

Typical Returns:

• Rental yield: 8-12%
• Appreciation: Historical 3-5% annually
• Vacancy rates: Generally low

Working with Military-Friendly Realtors

Look for realtors who understand:

• VA loan requirements
• PCS timelines and urgency
• Military neighborhoods
• Fort Liberty commute considerations
• Deployment flexibility

Many offer:

• Video tours for remote buyers
• Flexible showing schedules
• VA loan expertise
• Fast closing coordination

Common Mistakes to Avoid

1. Not getting pre-approved first
2. Ignoring school districts (affects resale)
3. Overlooking inspection (older homes common)
4. Underestimating commute time
5. Skipping flood zone check
6. Not factoring in HOA fees

Resources

Search Homes:

• Zillow.com
• Realtor.com
• Redfin.com
• MilitaryByOwner.com

Find Realtors:

• Military-focused real estate firms
• PCSgrades.com recommendations
• Referrals from Family Readiness Groups

Mortgage Lenders:

• Navy Federal Credit Union
• USAA
• Veterans United Home Loans
• Local banks and credit unions

The Fayetteville real estate market offers excellent opportunities for homeownership at prices well below national averages, making it an attractive location for building equity and establishing roots.