$10,000 Closing Credit*
$849,000
3,552 SqFt
4 Beds
•3 Full Baths
Listing Office: Engel & Volkers North Georgia Mountains
Is Fannin County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$586,250
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,197(+6.4%)
Key Takeaway
Homes in Fannin County have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Fannin County was $586,250 in November 2024, up 6.4% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $299K | $324K | +8.4% |
| 2 Bedrooms | $396K | $402.5K | +1.6% |
| 3 Bedrooms | $561.2K | $602.5K | +7.3% |
| 4 Bedrooms | $835K | $787K | -5.7% |
| 5+ Bedrooms | $933.8K | $890K | -4.7% |
Summary: Fannin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Counties
| Union County | $384.3K | $423.1K | +10.1% |
| Fannin County | $551K | $586.2K | +6.4% |
| Gilmer County | $439.6K | $465.1K | +5.8% |
| Lumpkin County | $361K | $375K | +3.9% |
| Cherokee County | $319.5K | $332K | +3.9% |
Housing Supply in Fannin County, GA
How many homes are available in Fannin County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 974 | 1,071 | +10.0% |
Summary: The Fannin County real estate market had 1,071 homes for sale in November 2024, a 10.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 35 | 33 | -5.7% |
| 2 Bedrooms | 181 | 197 | +8.8% |
| 3 Bedrooms | 400 | 432 | +8.0% |
| 4 Bedrooms | 247 | 291 | +17.8% |
| 5+ Bedrooms | 111 | 118 | +6.3% |
Summary: The Fannin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 17.8%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 41 | -16.3% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 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. 86.1% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Fannin County in November 2024, down by 16.3% month-over-month. Of the 36 sold homes, 86% were sold under asking, 8% were sold at asking, and 6% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 72 Days | +22.2% |
Summary: Homes in Fannin County had an average of 72 days on market in Nov 2024, up by 22.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Fannin County has remained consistent over time.
Summary: During November 2024, 41 homes were sold in Fannin County; 24% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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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.