Is Fannin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$563,407
$286/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Fannin County have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Fannin County was $563,407 in March 2024, down 2.7% from last year, and the median price per square foot was $286.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $229.5K | $320K | +39.4% |
| 2 Bedrooms | $395.3K | $408K | +3.2% |
| 3 Bedrooms | $599.5K | $575.4K | -4.0% |
| 4 Bedrooms | $801K | $862.5K | +7.7% |
| 5+ Bedrooms | $1.0M | $885.8K | -17.6% |
Summary: Fannin County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.4%, 2 bedroom homes increased by 3.2%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes decreased by 17.6%.
Median Sold Price Compared To Nearby Counties
| Union County | $365K | $403.4K | +10.5% |
| Cherokee County | $299.9K | $320K | +6.7% |
| Lumpkin County | $353.2K | $363.5K | +2.9% |
| Gilmer County | $435K | $440.5K | +1.3% |
| Fannin County | $579.2K | $563.4K | -2.7% |
Housing Supply in Fannin County, GA
How many homes are available in Fannin County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 670 | 821 | +22.5% |
Summary: The Fannin County real estate market had 821 homes for sale in March 2024, a 22.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 12 | +50.0% |
| 2 Bedrooms | 84 | 111 | +32.1% |
| 3 Bedrooms | 313 | 382 | +22.0% |
| 4 Bedrooms | 196 | 239 | +21.9% |
| 5+ Bedrooms | 69 | 77 | +11.6% |
Summary: The Fannin County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 32.1%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 26 | -13.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fannin County, you may be able to get a good deal. 79.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Fannin County in March 2024, down by 13.3% month-over-month. Of the 24 sold homes, 79% were sold under asking, 21% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 86 Days | +70.5% |
Summary: Homes in Fannin County had an average of 86 days on market in Mar 2024, up by 70.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Fannin County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 26 homes were sold in Fannin County; 35% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 42% 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.