Is Fayette County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, GA
How much do homes in Fayette County, GA cost?
Median Sold Price
$483,824
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fayette County was $483,824 in April 2024, up 7.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $196.5K | N/A |
2 Bedrooms | $310K | $317.5K | +2.4% |
3 Bedrooms | $350K | $374.5K | +7.0% |
4 Bedrooms | $460.6K | $500K | +8.6% |
5+ Bedrooms | $600K | $690K | +15.0% |
Summary: Fayette County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Counties
Fayette County | $449.1K | $483.8K | +7.7% |
Fulton County | $435.8K | $467.1K | +7.2% |
Coweta County | $375.9K | $398.5K | +6.0% |
Clayton County | $240K | $243.6K | +1.5% |
Spalding County | $249.8K | $250K | 0.1% |
Housing Supply in Fayette County, GA
How many homes are available in Fayette County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
505 | 598 | +18.4% |
Summary: The Fayette County real estate market had 598 homes for sale in April 2024, a 18.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 38 | 45 | +18.4% |
3 Bedrooms | 155 | 191 | +23.2% |
4 Bedrooms | 193 | 218 | +13.0% |
5+ Bedrooms | 118 | 142 | +20.3% |
Summary: The Fayette County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 23.2%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
98 | 142 | +44.9% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 142 homes were sold or pending in Fayette County in April 2024, up by 44.9% month-over-month. Of the 130 sold homes, 42% were sold under asking, 29% were sold at asking, and 28% were sold over asking.
Days on Market for Fayette County, GA
How long does it take to sell a home in Fayette County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 29 Days | +2.8% |
Summary: Homes in Fayette County had an average of 29 days on market in Apr 2024, up by 2.8% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During April 2024, 142 homes were sold in Fayette County; 72% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.