Is Fayette County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Fayette County has remained a Seller's Market.
Housing Prices in Fayette County, GA
How much do homes in Fayette County, GA cost?
Median Sold Price
$485,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fayette County was $485,000 in May 2024, up 6.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $196.5K | -6.4% |
2 Bedrooms | $316.5K | $310K | -2.1% |
3 Bedrooms | $349.9K | $383.6K | +9.7% |
4 Bedrooms | $474.3K | $524.7K | +10.6% |
5+ Bedrooms | $598.1K | $696K | +16.4% |
Summary: Fayette County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Counties
Fulton County | $435.1K | $467.7K | +7.5% |
Fayette County | $456.3K | $485K | +6.3% |
Coweta County | $390K | $402.1K | +3.1% |
Clayton County | $240K | $242.3K | +1.0% |
Spalding County | $250.6K | $250.2K | -0.1% |
Housing Supply in Fayette County, GA
How many homes are available in Fayette County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
587 | 637 | +8.5% |
Summary: The Fayette County real estate market had 637 homes for sale in May 2024, a 8.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 45 | 47 | +4.4% |
3 Bedrooms | 181 | 196 | +8.3% |
4 Bedrooms | 218 | 241 | +10.6% |
5+ Bedrooms | 141 | 152 | +7.8% |
Summary: The Fayette County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 7.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
149 | 157 | +5.4% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 157 homes were sold or pending in Fayette County in May 2024, up by 5.4% month-over-month. Of the 136 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.
Days on Market for Fayette County, GA
How long does it take to sell a home in Fayette County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
27 Days | 20 Days | -24.3% |
Summary: Homes in Fayette County had an average of 20 days on market in May 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
119 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 157 homes were sold in Fayette County; 76% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.