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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairburn is a seller's market

Buyer's
Market

Difference Since November 2020

Since last year, Fairburn has remained a Seller's Market.

Key Takeaway

Fairburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Fairburn, GA cost?

Median Sold Price

$270,000

$119/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2020

+$65,100(+31.8%)

Key Takeaway

Homes in Fairburn have sold for 31.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2020Nov 2021%
1 -$169.5K
N/A
2 $101.7K$178.5K
+75.4%
3 $175K$201K
+14.9%
4 $243K$280K
+15.2%
5+ $310.9K$350K
+12.5%

Median Sold Price Compared To Nearby Cities

Palmetto
+35.6%
Fairburn
+31.8%
Fairburn-Union City
+26.8%
Union City
+24.0%
Peachtree City-Tyrone
+9.7%

How many homes are available in Fairburn, GA?

Number of Homes For Sale

Oct 2021Nov 2021%
10083-17.0%

Homes For Sale By Bedroom Count

# BEDSOct 2021Nov 2021%
1 00
0.0%
2 45
+25.0%
3 3228
-12.5%
4 4036
-10.0%
5+ 2414
-41.7%

Number of Homes Sold

Oct 2021Nov 2021%
3532-8.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairburn, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Average Sale Time

Nov 2020Nov 2021%
14 Days21 Days+44.2%

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

About Fairburn, GA

There are 83 homes are for sale in Fairburn, GA real estate market. Between October 2021 and November 2021, Fairburn, GA real estate market has seen decrease in the number of listings by 17%. The median list price of listings available in November 2021 was $270,000, while the average time on the real estate market was 21 days. This housing market listing prices have changed between October 2021 and November 2021: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices increased by 75.4%, 3 bedrooms properties prices increased by 14.9%, prices of 4 bedrooms properties increased by 15.2%, the cost of 5 bedrooms properties went up by 12.5%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes did not move, number of 2 bedrooms homes increased by 25%, the quantity of 3 bedrooms homes went down by 12.5%, 4 bedrooms homes inventory decreased by 10%, 5 bedrooms homes became 41.7% less available. In November 2021 more than 13 listings in Fairburn, GA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 2 were sold below.

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