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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fairplay is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Fairplay, GA

How much do homes in Fairplay, GA cost?

Median Sold Price

$405,000

$166/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$20,000(+5.2%)

Key Takeaway

Homes in Fairplay have sold for 5.2% more than they did a year ago.

Summary: The median home sold price in Fairplay was $405,000 in May 2024, up 5.2% from last year, and the median price per square foot was $166.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$180K
N/A
2 $161K$209.7K
+30.3%
3 $329.9K$329.9K
0.0%
4 $424.5K$439.4K
+3.5%
5+ $594.9K$570K
-4.2%

Summary: Fairplay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.3%, 3 bedroom homes did not change, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 4.2%.

Median Sold Price Compared To Nearby Cities

Chattahoochee Hills
+29.5%
Fairplay
+5.2%
Bill Arp
+2.8%
Winston
-0.6%

Housing Supply in Fairplay, GA

How many homes are available in Fairplay, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8194+16.0%

Summary: The Fairplay real estate market had 94 homes for sale in May 2024, a 16.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2123
+9.5%
4 4146
+12.2%
5+ 1722
+29.4%

Summary: The Fairplay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 12.2%, and 5+ bedroom homes increased by 29.4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1321+61.5%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fairplay, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Fairplay in May 2024, up by 61.5% month-over-month. Of the 19 sold homes, 47% were sold under asking, 11% were sold at asking, and 42% were sold over asking.

Days on Market for Fairplay, GA

How long does it take to sell a home in Fairplay, GA?

Average Sale Time

May 2023May 2024CHANGE
60 Days30 Days-49.7%

Summary: Homes in Fairplay had an average of 30 days on market in May 2024, down by 49.7% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fairplay are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 21 homes were sold in Fairplay; 71% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 5% 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 19 Days Ago

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