Is Fairburn-Union City, 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-Union City has remained a Seller's Market.
Key Takeaway
Fairburn-Union City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairburn-Union City, GA
How much do homes in Fairburn-Union City, GA cost?
Median Sold Price
$282,112
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairburn-Union City have sold for 1.1% less than they did a year ago.
Summary: The median home sold price in Fairburn-Union City was $282,112 in April 2024, down 1.1% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.4K | $80.5K | -28.4% |
| 2 Bedrooms | $195K | $210K | +7.7% |
| 3 Bedrooms | $265K | $260K | -1.9% |
| 4 Bedrooms | $323.6K | $320K | -1.1% |
| 5+ Bedrooms | $405K | $387K | -4.4% |
Summary: Fairburn-Union City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 7.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes decreased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Fairburn | $340K | $347.3K | +2.2% |
| College Park | $372K | $373K | 0.3% |
| Fairburn-Union City | $285.1K | $282.1K | -1.1% |
| Union City | $276.6K | $267.8K | -3.2% |
Housing Supply in Fairburn-Union City, GA
How many homes are available in Fairburn-Union City, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 595 | 673 | +13.1% |
Summary: The Fairburn-Union City real estate market had 673 homes for sale in April 2024, a 13.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 281 | 326 | +16.0% |
| 4 Bedrooms | 189 | 211 | +11.6% |
| 5+ Bedrooms | 83 | 92 | +10.8% |
Summary: The Fairburn-Union City 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 5.4%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 134 | 128 | -4.5% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairburn-Union City, you may be able to get a good deal. 38.8% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Fairburn-Union City in April 2024, down by 4.5% month-over-month. Of the 121 sold homes, 39% were sold under asking, 34% were sold at asking, and 27% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 40 Days | -1.8% |
Summary: Homes in Fairburn-Union City had an average of 40 days on market in Apr 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
34 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairburn-Union City are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 128 homes were sold in Fairburn-Union City; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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.