Finding a home in Fayetteville
The real estate market in Fayetteville can be described with one word: steady.
The city didn't experience the wild boom with home values in the mid-2000s. And we didn't suffer from a devastating crash that followed across most of the U.S.
Instead, the market - which includes Cumberland and surrounding counties - enjoys relatively stable appreciation year after year.
Fayetteville still has ups and downs with home sales. Starting in the mid-2000s, builders excited over growth on Fort Bragg rushed to construct high-end neighborhoods, which saturated the market for some time. But by 2011, the market had balanced out.
New homes have sold for an average of $199,000 to $218,000 over the past year. Average sales prices for existing range from the $120,000s to the $150,000s.
The market has something for everyone.
Quaint cottages in an established neighborhood within walking distance of downtown? Haymount.
Spacious ranch-style homes with big yards at prices under $120,000? Check out west Fayetteville.
New construction far enough from the city (but still close to Bragg)? Try Hope Mills, southwest Cumberland County or east of the Cape Fear River.