$6,518 Closing Credit*
$548,900
2,861 SqFt
4 Beds
•3 Full Baths, 1 Partial
Machelle Payton, Listing Office: Virtual Properties Realty.com
Is Fayette County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Fayette County has remained a Seller's Market.
Key Takeaway
Fayette County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fayette County, GA
How much do homes in Fayette County, GA cost?
Median Sold Price
$487,165
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$12,889(+2.7%)
Key Takeaway
Homes in Fayette County have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Fayette County was $487,165 in November 2024, up 2.7% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $195.7K | N/A |
| 2 Bedrooms | $326.2K | $320K | -1.9% |
| 3 Bedrooms | $355.4K | $395K | +11.1% |
| 4 Bedrooms | $495K | $518K | +4.6% |
| 5+ Bedrooms | $654.3K | $720K | +10.0% |
Summary: Fayette County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 10%.
Median Sold Price Compared To Nearby Counties
| Spalding County | $249.9K | $268.2K | +7.3% |
| Fulton County | $444.4K | $476.6K | +7.3% |
| Fayette County | $474.2K | $487.1K | +2.7% |
| Coweta County | $400.1K | $404K | +1.0% |
| Clayton County | $239.9K | $242.2K | +1.0% |
Housing Supply in Fayette County, GA
How many homes are available in Fayette County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 635 | 632 | -0.5% |
Summary: The Fayette County real estate market had 632 homes for sale in November 2024, a 0.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 55 | 49 | -10.9% |
| 3 Bedrooms | 171 | 177 | +3.5% |
| 4 Bedrooms | 232 | 229 | -1.3% |
| 5+ Bedrooms | 177 | 177 | 0.0% |
Summary: The Fayette County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10.9%, 3 bedroom homes increased by 3.5%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 113 | -10.3% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fayette County, you may be able to get a good deal. 50.5% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Fayette County in November 2024, down by 10.3% month-over-month. Of the 105 sold homes, 50% were sold under asking, 27% were sold at asking, and 23% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 47 Days | +40.0% |
Summary: Homes in Fayette County had an average of 47 days on market in Nov 2024, up by 40% compared to last year.
Breakdown of Home Sale Times
57 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Fayette County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 113 homes were sold in Fayette County; 50% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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