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 buyer's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Fairburn-Union City was a Seller's Market.

Key Takeaway

Fairburn-Union City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Fairburn-Union City, GA

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

Median Sold Price

$285,000

$150/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$127(0.0%)

Key Takeaway

The sold price of homes in Fairburn-Union City has remained the same since last year.

Summary: The median home sold price in Fairburn-Union City was $285,000 in June 2024, the same as last year, and the median price per square foot was $150.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $82.4K$87K
+5.5%
2 $204K$207K
+1.5%
3 $263.8K$263.7K
0%
4 $320K$320K
0.0%
5+ $400K$379K
-5.3%

Summary: Fairburn-Union City housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 5.3%.

Median Sold Price Compared To Nearby Cities

Union City
0.1%
Fairburn-Union City
0.0%
Fairburn
-0.1%
College Park
-2.3%

Housing Supply in Fairburn-Union City, GA

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

Number of Homes For Sale

May 2024Jun 2024CHANGE
612697+13.9%

Summary: The Fairburn-Union City real estate market had 697 homes for sale in June 2024, a 13.9% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 911
+22.2%
2 3441
+20.6%
3 271327
+20.7%
4 209237
+13.4%
5+ 8981
-9.0%

Summary: The Fairburn-Union City housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes decreased by 9%.

Number of Homes Sold

May 2024Jun 2024CHANGE
12095-20.8%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairburn-Union City, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 95 homes were sold or pending in Fairburn-Union City in June 2024, down by 20.8% month-over-month. Of the 86 sold homes, 41% were sold under asking, 31% were sold at asking, and 28% 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

Jun 2023Jun 2024CHANGE
32 Days39 Days+21.1%

Summary: Homes in Fairburn-Union City had an average of 39 days on market in Jun 2024, up by 21.1% compared to last year.

Breakdown of Home Sale Times

54 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

10 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.

Summary: During June 2024, 95 homes were sold in Fairburn-Union City; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

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

Report Updated 24 Days Ago

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