Is Fayette County, 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, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, GA
How much do homes in Fayette County, GA cost?
Median Sold Price
$485,000
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Fayette County was $485,000 in March 2024, up 9.9% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $297.7K | $315K | +5.8% |
3 Bedrooms | $349.9K | $374.7K | +7.1% |
4 Bedrooms | $459.5K | $500K | +8.8% |
5+ Bedrooms | $600K | $675K | +12.5% |
Summary: Fayette County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 12.5%.
Median Sold Price Compared To Nearby Counties
Fayette County | $441.3K | $485K | +9.9% |
Coweta County | $375K | $399.7K | +6.6% |
Fulton County | $435.2K | $462.4K | +6.3% |
Clayton County | $240K | $242.3K | +1.0% |
Spalding County | $249.9K | $250K | 0.0% |
Housing Supply in Fayette County, GA
How many homes are available in Fayette County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
454 | 521 | +14.8% |
Summary: The Fayette County real estate market had 521 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 29 | 39 | +34.5% |
3 Bedrooms | 128 | 167 | +30.5% |
4 Bedrooms | 175 | 196 | +12.0% |
5+ Bedrooms | 121 | 118 | -2.5% |
Summary: The Fayette County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 34.5%, 3 bedroom homes increased by 30.5%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 2.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
113 | 100 | -11.5% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Fayette County in March 2024, down by 11.5% month-over-month. Of the 93 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% were sold over asking.
Days on Market for Fayette County, GA
How long does it take to sell a home in Fayette County, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
29 Days | 31 Days | +4.5% |
Summary: Homes in Fayette County had an average of 31 days on market in Mar 2024, up by 4.5% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 100 homes were sold in Fayette County; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.