Is Fairburn-Union City, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Fairburn-Union City has remained a Seller's Market.
Key Takeaway
Fairburn-Union City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Fairburn-Union City, GA cost?
Median Sold Price
$286,155
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Fairburn-Union City have sold for 4% more than they did a year ago.
Summary: The median home sold price in Fairburn-Union City was $286,155 in August 2023, up 4% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $69.2K | $81K | +17.0% |
| 2 Bedrooms | $165K | $208K | +26.1% |
| 3 Bedrooms | $253.2K | $264.8K | +4.6% |
| 4 Bedrooms | $316.4K | $324.3K | +2.5% |
| 5+ Bedrooms | $399.6K | $391K | -2.2% |
Summary: Fairburn-Union City housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 26.1%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Fairburn | $313.2K | $340.5K | +8.7% |
| Fairburn-Union City | $275.2K | $286.1K | +4.0% |
| College Park | $370K | $373.5K | +0.9% |
| Union City | $274.3K | $267.5K | -2.5% |
Housing Supply
How many homes are available in Fairburn-Union City, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 517 | 559 | +8.1% |
Summary: The Fairburn-Union City real estate market had 559 homes for sale in August 2023, a 8.1% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 24 | 34 | +41.7% |
| 3 Bedrooms | 255 | 264 | +3.5% |
| 4 Bedrooms | 165 | 179 | +8.5% |
| 5+ Bedrooms | 71 | 78 | +9.9% |
Summary: The Fairburn-Union City housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 41.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.9%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 116 | 140 | +20.7% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
38 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairburn-Union City, you may be able to get a good deal. 39.2% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in Fairburn-Union City in August 2023, up by 20.7% month-over-month. Of the 125 sold homes, 39% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market
How long does it take to sell a home in Fairburn-Union City, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 16 Days | 28 Days | +71.9% |
Summary: Homes in Fairburn-Union City had an average of 28 days on market in Aug 2023, up by 71.9% compared to last year.
Breakdown of Home Sale Times
102 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairburn-Union City are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 140 homes were sold in Fairburn-Union City; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 8% 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.