Is Fannin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Fannin County was a Seller's Market.
Key Takeaway
Fannin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Fannin County, GA
How much do homes in Fannin County, GA cost?
Median Sold Price
$575,000
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fannin County have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Fannin County was $575,000 in April 2024, down 1.1% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $251K | $344K | +37.1% |
| 2 Bedrooms | $396.1K | $406.5K | +2.6% |
| 3 Bedrooms | $590K | $598.8K | +1.5% |
| 4 Bedrooms | $803K | $900K | +12.1% |
| 5+ Bedrooms | $1.0M | $886.3K | -15.6% |
Summary: Fannin County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37.1%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 15.6%.
Median Sold Price Compared To Nearby Counties
| Union County | $363.1K | $406.1K | +11.9% |
| Cherokee County | $299.9K | $325K | +8.4% |
| Gilmer County | $428.6K | $449.9K | +5.0% |
| Lumpkin County | $354.3K | $367.9K | +3.9% |
| Fannin County | $581.5K | $575K | -1.1% |
Housing Supply in Fannin County, GA
How many homes are available in Fannin County, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 686 | 911 | +32.8% |
Summary: The Fannin County real estate market had 911 homes for sale in April 2024, a 32.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 14 | +75.0% |
| 2 Bedrooms | 91 | 139 | +52.7% |
| 3 Bedrooms | 320 | 429 | +34.1% |
| 4 Bedrooms | 204 | 249 | +22.1% |
| 5+ Bedrooms | 63 | 80 | +27.0% |
Summary: The Fannin County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 52.7%, 3 bedroom homes increased by 34.1%, 4 bedroom homes increased by 22.1%, and 5+ bedroom homes increased by 27%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 51 | +82.1% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Fannin County, you may be able to get a good deal. 87.8% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Fannin County in April 2024, up by 82.1% month-over-month. Of the 49 sold homes, 88% were sold under asking, 10% were sold at asking, and 2% were sold over asking.
Days on Market for Fannin County, GA
How long does it take to sell a home in Fannin County, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 72 Days | +52.9% |
Summary: Homes in Fannin County had an average of 72 days on market in Apr 2024, up by 52.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fannin County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 51 homes were sold in Fannin County; 43% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 37% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.