Is Fairburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Fairburn has remained a Seller's Market.
Key Takeaway
Fairburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Fairburn, GA
How much do homes in Fairburn, GA cost?
Median Sold Price
$347,373
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Fairburn have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Fairburn was $347,373 in April 2024, up 2.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $203.1K | $175K | -13.8% |
| 3 Bedrooms | $304.9K | $308.7K | +1.3% |
| 4 Bedrooms | $355K | $369.5K | +4.1% |
| 5+ Bedrooms | $435K | $428.9K | -1.4% |
Summary: Fairburn housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Peachtree City-Tyrone | $535K | $589.4K | +10.2% |
| Fairburn | $340K | $347.3K | +2.2% |
| Fairburn-Union City | $285.1K | $282.1K | -1.1% |
| Union City | $276.6K | $267.8K | -3.2% |
Housing Supply in Fairburn, GA
How many homes are available in Fairburn, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 253 | 285 | +12.6% |
Summary: The Fairburn real estate market had 285 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 86 | 101 | +17.4% |
| 4 Bedrooms | 98 | 107 | +9.2% |
| 5+ Bedrooms | 62 | 68 | +9.7% |
Summary: The Fairburn housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 9.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 52 | -7.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Fairburn, expect to pay close to the asking price. 44.7% of homes here sold near the asking price last month.
Summary: A total of 52 homes were sold or pending in Fairburn in April 2024, down by 7.1% month-over-month. Of the 47 sold homes, 38% were sold under asking, 45% were sold at asking, and 17% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 38 Days | -13.0% |
Summary: Homes in Fairburn had an average of 38 days on market in Apr 2024, down by 13% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 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 April 2024, 52 homes were sold in Fairburn; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% 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.