Fayette County, IA Home Values & Market Trends

The median home price in Fayette County, IA is $113,735.85. There were 307 home sales in Fayette County, IA over the past 12 months. The median residential Fayette County, IA home value for transactions over the previous year is $85,500. The number of current listings in Fayette County, IA is 19, and the percentage of properties for sale is 19.00%. The county has 10 foreclosures, 2 bank owned properties, 3 headed for auction, and 19 properties for sale.

Fayette County, IA Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Oelwein

$ 53,000

$ 51/sqft

Waucoma

$ --

$ --

Hawkeye

$ 89,154

$ 66/sqft

Saint Lucas

$ --

$ --

Fayette

$ 137,170

$ 64/sqft

Westgate

$ --

$ --

West Union

$ 188,802

$ 66/sqft

Oran

$ --

$ --

Wadena

$ --

$ --

Elgin

$ --

$ --

Randalia

$ --

$ --

Clermont

$ --

$ --

Maynard

$ --

$ --

Arlington

$ --

$ --

Housing Market Summary for Fayette County, IA

Apr 2023March 2024Change
Median Listing Price$75,000$92,34923.13%
Median Sold Price$108.3K$92,349-14.74%
Homes For Sale922144.44%
Homes Sold9515260.00%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Fayette County, IA

Fayette County, IA home values range from $17,366 to $2,596,865. West Union is the priciest city with a median listing home price of $189,900, and Fayette is most affordable with average house prices of around $13,000.

Foreclosure
There are 14 cities within Fayette County, IA; within these cities, the median estimated home value for homes in foreclosure ranges from $174,199 in Oelwein to the lowest value of $45,000 in Oelwein. Foreclosure homes account for 0.00% of properties in Fayette County, IA with Oelwein containing 6 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.07% of all residential properties in Fayette County, IA with Oelwein containing 4 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 14 cities within Fayette County, IA; of those cities, the estimated home value for pre-foreclosure homes ranges from $198,373 in Arlington to the lowest home value of $89,900 in Oelwein.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Fayette County, IA ranges from the highest value of $174,199 in West Union to the lowest value of $45,000 in Oelwein. Bank owned homes and properties account for 0.03% of properties in Fayette County, IA. There are 14 cities within Fayette County, IA; West Union containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Oran has 1 auction properties, the highest number of properties going to auction in a single city in the state of Fayette County, IA. Auction homes and other auction properties account for 0.04% of all properties in Fayette County, IA. There are 14 cities within Fayette County, IA; of those cities, the median estimated home value for homes going to auction ranges from $50,411 in Oelwein to the lowest value of $50,411 in Oelwein.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.28% of residential properties in Fayette County, IA with Oelwein containing 16 homes for sale, the highest number of listed properties in a single city. There are 14 cities within Fayette County, IA; homes for sale in those cities, have a range of median values from $188,802 in West Union to the lowest value of $32,573 in Oelwein.
    Sold Homes
    The median value for recently sold homes ranges from $297,070 in Maynard to the lowest price of $19,820 in Maynard. There are 14 cities within Fayette County, IA. Oelwein has 73 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.04% of properties in Fayette County, IA.

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      Guide for Fayette County, IA

      Foreclosure
      Iowa Foreclosure Laws
      Market Reports
      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      Market Reports
      Thriving Des Moines Real Estate Market Shows Robust Growth Through Early 2024
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      See More Articles
      Iowa Foreclosure Laws
      Foreclosure|posted 6 June 2013

      Iowa Foreclosure Laws

      Lexington Real Estate Market Witnesses Steady Upward Trend; Property Values and Sale Prices Rise in 2023-2024
      Market Reports|posted 20 March 2024

      This blog post analyzes the rising trends in the Lexington, KY real estate market from March 2023 to February 2024, and compares them with surrounding cities.

      Thriving Des Moines Real Estate Market Shows Robust Growth Through Early 2024
      Market Reports|posted 1 April 2024

      Des Moines’ real estate market experiences robust upward momentum, with property values increasing despite occasional fluctuations.

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Recently Listed Homes Fayette County, IA

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