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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairburn-Union City is a seller's market

Buyer's
Market

Difference Since June 2021

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.

How much do homes in Fairburn-Union City, GA cost?

Median Sold Price

$267,624

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$67,652(+33.8%)

Key Takeaway

Homes in Fairburn-Union City have sold for 33.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $40.2K$55K
+36.6%
2 $120K$160K
+33.3%
3 $179.4K$243.2K
+35.6%
4 $225.2K$309.8K
+37.5%
5+ $267.4K$375K
+40.2%

Median Sold Price Compared To Nearby Cities

Union City
+45.4%
Fairburn-Union City
+33.8%
Fairburn
+28.3%
College Park
+28.2%

How many homes are available in Fairburn-Union City, GA?

Number of Homes For Sale

May 2022Jun 2022%
557510-8.4%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 10
-100.0%
2 3431
-8.8%
3 297264
-11.1%
4 146136
-6.8%
5+ 7979
0.0%

Number of Homes Sold

May 2022Jun 2022%
199153-23.1%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

86 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairburn-Union City, you could pay more than the asking price. 65.6% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
15 Days11 Days-26.0%

Breakdown of Home Sale Times

135 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairburn-Union City are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Fairburn-Union City, GA

Homes for sale in Fairburn-Union City, GA have reached 510. Between May 2022 and June 2022, Fairburn-Union City, GA real estate market has seen decrease in the number of listings by 8.4%. Listings spent 11 days on the market in June 2022, and had a median list price of $267,624 during the same period. Listing prices have changed in this real estate market between May 2022 and June 2022: 1 bedroom properties became 36.6% more expensive, prices of 2 bedrooms properties increased by 33.3%, the cost of 3 bedrooms properties went up by 35.6%, 4 bedrooms properties became 37.5% more expensive, the cost of 5 bedrooms properties went up by 40.2%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 100%, the quantity of 2 bedrooms homes went down by 8.8%, 3 bedrooms homes became 11.1% less available, 4 bedrooms homes inventory decreased by 6.8%, 5 bedrooms homes inventory did not change. While more than 86 listings in Fairburn-Union City, GA in June 2022 were sold above asking price, there were more than 17 listings sold at asking price, and more than 28 were sold below.

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