Is Fairburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Fairburn was a Seller's Market.
Key Takeaway
Fairburn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Fairburn, GA
How much do homes in Fairburn, GA cost?
Median Sold Price
$347,009
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Fairburn has remained the same since last year.
Summary: The median home sold price in Fairburn was $347,009 in May 2024, down 0.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $203.1K | $215K | +5.9% |
| 3 Bedrooms | $300.1K | $310K | +3.3% |
| 4 Bedrooms | $360K | $369K | +2.5% |
| 5+ Bedrooms | $435K | $425.4K | -2.2% |
Summary: Fairburn housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 2.2%.
Median Sold Price Compared To Nearby Cities
| Peachtree City-Tyrone | $540.3K | $598K | +10.7% |
| Fairburn-Union City | $282.8K | $285K | +0.7% |
| Fairburn | $347.3K | $347K | -0.1% |
| Union City | $270K | $269.4K | -0.2% |
Housing Supply in Fairburn, GA
How many homes are available in Fairburn, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 293 | 311 | +6.1% |
Summary: The Fairburn real estate market had 311 homes for sale in May 2024, a 6.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 98 | 99 | +1.0% |
| 4 Bedrooms | 115 | 121 | +5.2% |
| 5+ Bedrooms | 71 | 79 | +11.3% |
Summary: The Fairburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 51 | -8.9% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairburn, you may be able to get a good deal. 51% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Fairburn in May 2024, down by 8.9% month-over-month. Of the 49 sold homes, 51% were sold under asking, 29% were sold at asking, and 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 56 Days | +95.3% |
Summary: Homes in Fairburn had an average of 56 days on market in May 2024, up by 95.3% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fairburn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 51 homes were sold in Fairburn; 49% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% 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.