Is Fairburn, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairburn is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Fairburn was a Seller's Market.

Key Takeaway

Fairburn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fairburn, GA

How much do homes in Fairburn, GA cost?

Median Sold Price

$347,524

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$14,008(+4.2%)

Key Takeaway

Homes in Fairburn have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Fairburn was $347,524 in February 2024, up 4.2% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $115K-
N/A
2 $195K$175K
-10.3%
3 $297.9K$309.9K
+4.0%
4 $353.5K$369.5K
+4.5%
5+ $435K$428.9K
-1.4%

Summary: Fairburn housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 1.4%.

Median Sold Price Compared To Nearby Cities

Peachtree City-Tyrone
+10.0%
Fairburn
+4.2%
Fairburn-Union City
-1.8%
Union City
-8.6%

Housing Supply in Fairburn, GA

How many homes are available in Fairburn, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
183245+33.9%

Summary: The Fairburn real estate market had 245 homes for sale in February 2024, a 33.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 5984
+42.4%
4 72100
+38.9%
5+ 4959
+20.4%

Summary: The Fairburn housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 42.4%, 4 bedroom homes increased by 38.9%, and 5+ bedroom homes increased by 20.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2832+14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairburn, expect to pay close to the asking price. 56.7% of homes here sold near the asking price last month.

Summary: A total of 32 homes were sold or pending in Fairburn in February 2024, up by 14.3% month-over-month. Of the 30 sold homes, 23% were sold under asking, 57% were sold at asking, and 20% were sold over asking.

Days on Market for Fairburn, GA

How long does it take to sell a home in Fairburn, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
39 Days54 Days+39.4%

Summary: Homes in Fairburn had an average of 54 days on market in Feb 2024, up by 39.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairburn are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 32 homes were sold in Fairburn; 44% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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