Fayette County, GA Real Estate & Homes for Sale

Insights into Fayette County Homes & Market Dynamics

Throughout 2023, Fayette County has maintained a strong seller's market, characterized by high prices and faster sales. As of October 2023, the median sold price in the county stood at $465,194, showing a significant year-over-year increase of 9.5%. However, the median listing price in September was $445K, reflecting a 7.3% decrease from the previous year. This juxtaposition of trends indicates a dynamic market with fluctuating values.

Fayette County Real Estate: In-Depth Market Analysis

Market Trends and Statistics

In September 2023, Fayette County experienced a decrease in home prices compared to last year, with homes selling after an average of 22 days on the market, faster than the 38 days in the previous year. The number of homes sold in September was 115, a decrease from 193 in the same month last year.

Home Sales and Listings

October 2023 saw an increase in the number of homes for sale, with 368 listings in Fayetteville and 115 in the 30215 area of Fayette County. The median list price in October was $465,194, while homes were typically on the market for 27 days, indicating a robust and active market.

Conclusion

The 2023 Fayette County real estate market presents a complex picture with rising median sold prices but decreasing median listing prices. The market remains active, with an increase in listings and homes selling relatively quickly. These trends underscore the dynamic and evolving nature of the real estate landscape in Fayette County.