Is Fairmount, 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, Fairmount has remained a Seller's Market.
Housing Prices in Fairmount, GA
How much do homes in Fairmount, GA cost?
Median Sold Price
$283,950
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Fairmount was $283,950 in May 2024, up 2.3% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $300K | N/A |
2 Bedrooms | $275K | $235.9K | -14.2% |
3 Bedrooms | $240K | $275K | +14.6% |
4 Bedrooms | $330K | $540.5K | +63.8% |
5+ Bedrooms | $4.4M | - | N/A |
Summary: Fairmount housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 63.8%, and 5+ bedroom homes did not change.
Housing Supply in Fairmount, GA
How many homes are available in Fairmount, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Summary: The Fairmount real estate market had 17 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Fairmount housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Fairmount in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Fairmount, GA
How long does it take to sell a home in Fairmount, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
37 Days | 106 Days | +180.0% |
Summary: Homes in Fairmount had an average of 106 days on market in May 2024, up by 180% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Fairmount; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.