Year over year, Fayette County’s typical home value in May dipped by more than 11 percent, while the median list price jumped over 24 percent. Homes sold fell sharply, down more than two thirds from a year earlier, and pending sales were also significantly lower. Months of supply surged more than thirteenfold compared with last May, underscoring how much conditions have shifted toward buyers.
Looking at May’s numbers in detail, the typical home value was about $276,700 and the median list price was around $422,400, signaling a sizable gap between asking and sale values. Inventory was relatively steady with 122 active listings, but just 6 homes sold and only 13 went under contract, which helps explain why months of supply climbed to 18.6 compared with 5.3 months across Texas overall.
Homes are also taking much longer to sell, with the median days on market reaching 266 days in May after rising sharply from earlier in the year. Despite that slowdown, the average sale-to-list ratio ticked up month over month to about 95 percent, while no recent sales closed above list price. With more supply and slower sales than the Texas market overall, Fayette County currently leans strongly in favor of buyers, and Agent Pronto can connect both buyers and sellers with an experienced local agent to navigate these conditions effectively.
