Is Fairburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairburn has remained a Seller's Market.
Housing Prices in Fairburn, GA
How much do homes in Fairburn, GA cost?
Median Sold Price
$347,373
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Fairburn was $347,373 in April 2024, up 2.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $203.1K | $175K | -13.8% |
3 Bedrooms | $304.9K | $308.7K | +1.3% |
4 Bedrooms | $355K | $369.5K | +4.1% |
5+ Bedrooms | $435K | $428.9K | -1.4% |
Summary: Fairburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
Peachtree City-Tyrone | $535K | $589.4K | +10.2% |
Fairburn | $340K | $347.3K | +2.2% |
Fairburn-Union City | $285.1K | $282.1K | -1.1% |
Union City | $276.6K | $267.8K | -3.2% |
Housing Supply in Fairburn, GA
How many homes are available in Fairburn, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
253 | 285 | +12.6% |
Summary: The Fairburn real estate market had 285 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 86 | 101 | +17.4% |
4 Bedrooms | 98 | 107 | +9.2% |
5+ Bedrooms | 62 | 68 | +9.7% |
Summary: The Fairburn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 52 | -7.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Fairburn in April 2024, down by 7.1% month-over-month. Of the 47 sold homes, 38% were sold under asking, 45% were sold at asking, and 17% were sold over asking.
Days on Market for Fairburn, GA
How long does it take to sell a home in Fairburn, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 38 Days | -13.0% |
Summary: Homes in Fairburn had an average of 38 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Fairburn; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.