Is Fairburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Fairburn was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $195K | $175K | -10.3% |
3 Bedrooms | $297.9K | $309.9K | +4.0% |
4 Bedrooms | $353.5K | $369.5K | +4.5% |
5+ Bedrooms | $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 | $525K | $577.7K | +10.0% |
Fairburn | $333.5K | $347.5K | +4.2% |
Fairburn-Union City | $285.8K | $280.5K | -1.8% |
Union City | $290K | $265K | -8.6% |
Housing Supply in Fairburn, GA
How many homes are available in Fairburn, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
183 | 245 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 59 | 84 | +42.4% |
4 Bedrooms | 72 | 100 | +38.9% |
5+ Bedrooms | 49 | 59 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
28 | 32 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 54 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
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.