Is Fairburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$345,002
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in Fairburn has remained the same since last year.
Summary: The median home sold price in Fairburn was $345,002 in June 2024, down 0.1% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | $275K | +139.1% |
| 2 Bedrooms | $203.5K | $216.5K | +6.4% |
| 3 Bedrooms | $304.8K | $308.8K | +1.3% |
| 4 Bedrooms | $358.8K | $367.7K | +2.5% |
| 5+ Bedrooms | $434.4K | $430.4K | -0.9% |
Summary: Fairburn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139.1%, 2 bedroom homes increased by 6.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Peachtree City-Tyrone | $549.6K | $586K | +6.6% |
| Union City | $269.8K | $269.9K | 0.1% |
| Fairburn-Union City | $284.8K | $285K | 0.0% |
| Fairburn | $345.4K | $345K | -0.1% |
Housing Supply in Fairburn, GA
How many homes are available in Fairburn, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 283 | 309 | +9.2% |
Summary: The Fairburn real estate market had 309 homes for sale in June 2024, a 9.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 90 | 96 | +6.7% |
| 4 Bedrooms | 111 | 127 | +14.4% |
| 5+ Bedrooms | 72 | 75 | +4.2% |
Summary: The Fairburn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 4.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 59 | 39 | -33.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairburn, expect to pay close to the asking price. 48.6% of homes here sold near the asking price last month.
Summary: A total of 39 homes were sold or pending in Fairburn in June 2024, down by 33.9% month-over-month. Of the 35 sold homes, 29% were sold under asking, 49% were sold at asking, and 23% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 39 Days | 43 Days | +10.5% |
Summary: Homes in Fairburn had an average of 43 days on market in Jun 2024, up by 10.5% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairburn are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 39 homes were sold in Fairburn; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.