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 March 2023
Since last year, Fairburn-Union City has remained a Seller's Market.
Housing Prices in Fairburn-Union City, GA
How much do homes in Fairburn-Union City, GA cost?
Median Sold Price
$281,461
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fairburn-Union City was $281,461 in March 2024, down 1.8% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $83.9K | $84K | 0.1% |
2 Bedrooms | $183K | $207K | +13.1% |
3 Bedrooms | $265K | $260K | -1.9% |
4 Bedrooms | $320.4K | $323.5K | +0.9% |
5+ Bedrooms | $410K | $390.5K | -4.8% |
Summary: Fairburn-Union City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 13.1%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.9%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Fairburn | $339.9K | $348.5K | +2.5% |
College Park | $370K | $373K | +0.8% |
Fairburn-Union City | $286.4K | $281.4K | -1.8% |
Union City | $290K | $265.5K | -8.4% |
Housing Supply in Fairburn-Union City, GA
How many homes are available in Fairburn-Union City, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
563 | 637 | +13.1% |
Summary: The Fairburn-Union City real estate market had 637 homes for sale in March 2024, a 13.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 29 | 37 | +27.6% |
3 Bedrooms | 269 | 302 | +12.3% |
4 Bedrooms | 173 | 198 | +14.5% |
5+ Bedrooms | 87 | 94 | +8.0% |
Summary: The Fairburn-Union City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 27.6%, 3 bedroom homes increased by 12.3%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
95 | 125 | +31.6% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 125 homes were sold or pending in Fairburn-Union City in March 2024, up by 31.6% month-over-month. Of the 112 sold homes, 47% were sold under asking, 30% were sold at asking, and 22% were sold over asking.
Days on Market for Fairburn-Union City, GA
How long does it take to sell a home in Fairburn-Union City, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 40 Days | +7.7% |
Summary: Homes in Fairburn-Union City had an average of 40 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
65 Homes Were Sold
Under 30 Days
47 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 125 homes were sold in Fairburn-Union City; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.