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 November 2021

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.

How much do homes in Fairburn, GA cost?

Median Sold Price

$316,212

$145/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$44,212(+16.3%)

Key Takeaway

Homes in Fairburn have sold for 16.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $169.5K$203.5K
+20.1%
2 $190K$183K
-3.7%
3 $200.5K$274.1K
+36.7%
4 $281.5K$341.8K
+21.4%
5+ $350K$420.7K
+20.2%

Median Sold Price Compared To Nearby Cities

Union City
+34.9%
Fairburn-Union City
+26.5%
Peachtree City-Tyrone
+18.1%
Fairburn
+16.3%

How many homes are available in Fairburn, GA?

Number of Homes For Sale

Oct 2022Nov 2022%
4959+20.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 25
+150.0%
3 1718
+5.9%
4 1923
+21.1%
5+ 1113
+18.2%

Number of Homes Sold

Oct 2022Nov 2022%
158-46.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairburn, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
27 Days20 Days-24.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 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.

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

About Fairburn, GA

Number of homes for sale in Fairburn, GA real estate market have reached 59. The inventory of homes for sale in Fairburn, GA between October 2022 and November 2022 increased by 20.4%. In November 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $316,212. This housing market listing prices have changed between October 2022 and November 2022: 1 bedroom properties became 20.1% more expensive, 2 bedrooms properties prices decreased by 3.7%, 3 bedrooms properties prices increased by 36.7%, prices of 4 bedrooms properties increased by 21.4%, 5 bedrooms properties became 20.2% more expensive. This housing market inventory have changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 150%, the quantity of 3 bedrooms homes went up by 5.9%, 4 bedrooms homes became 21.1% more available, volume of 5 bedrooms homes went up by 18.2%. While more than 1 listings in Fairburn, GA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 4 were sold below.

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