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 May 2023
At the same time last year, Fairburn-Union City was a Seller's Market.
Key Takeaway
Fairburn-Union City 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-Union City, GA
How much do homes in Fairburn-Union City, GA cost?
Median Sold Price
$285,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Fairburn-Union City have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Fairburn-Union City was $285,000 in May 2024, up 0.7% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $98.1K | $80.5K | -18.0% |
| 2 Bedrooms | $200K | $210K | +5.0% |
| 3 Bedrooms | $262.9K | $261.6K | -0.5% |
| 4 Bedrooms | $322.5K | $320K | -0.8% |
| 5+ Bedrooms | $404K | $380K | -5.9% |
Summary: Fairburn-Union City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18%, 2 bedroom homes increased by 5%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Fairburn-Union City | $282.8K | $285K | +0.7% |
| Fairburn | $347.3K | $347K | -0.1% |
| Union City | $270K | $269.4K | -0.2% |
| College Park | $390K | $366K | -6.2% |
Housing Supply in Fairburn-Union City, GA
How many homes are available in Fairburn-Union City, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 652 | 657 | +0.8% |
Summary: The Fairburn-Union City real estate market had 657 homes for sale in May 2024, a 0.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 9 | +80.0% |
| 2 Bedrooms | 38 | 31 | -18.4% |
| 3 Bedrooms | 301 | 305 | +1.3% |
| 4 Bedrooms | 213 | 221 | +3.8% |
| 5+ Bedrooms | 95 | 91 | -4.2% |
Summary: The Fairburn-Union City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 80%, 2 bedroom homes decreased by 18.4%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 4.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 133 | 99 | -25.6% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
23 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. 46.2% of homes here sold below asking price last month.
Summary: A total of 99 homes were sold or pending in Fairburn-Union City in May 2024, down by 25.6% month-over-month. Of the 91 sold homes, 46% were sold under asking, 29% were sold at asking, and 25% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 47 Days | +69.2% |
Summary: Homes in Fairburn-Union City had an average of 47 days on market in May 2024, up by 69.2% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
14 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 May 2024, 99 homes were sold in Fairburn-Union City; 53% of homes were sold within 30 days, 33% 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.