Fannin County Housing Market Report December 2024•Fannin County, Georgia

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Housing Prices in Fannin County, GA

How much do homes in Fannin County, GA cost?

Housing Market Conditions

Is Fannin County, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Fannin County is a Buyer's Market

Difference Since December 2023

At the same time last year, Fannin County was a Seller's Market.

Insight

Fannin County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$591,625$288/SqFt
+$36,314
+6.5%

Based on all homes sold in the last 12 months

Insight

Homes in Fannin County have sold for 6.5% more than they did a year ago.

Summary: The median home sold price in Fannin County was $591,625 in December 2024, up 6.5% from last year, and the median price per square foot was $288.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Cherokee County
+11.5%
Union County
+8.2%
Fannin County
+6.5%
Lumpkin County
+5.8%
Gilmer County
+2.9%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$316K$290K
-8.2%
2$399.9K$411.2K
+2.8%
3$568K$600K
+5.6%
4$850K$749.4K
-11.8%
5$899K$887.2K
-1.3%

Summary: Fannin County housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -8.2%. The home price for 2 bedroom homes increased by +2.8%. The home price for 3 bedroom homes increased by +5.6%. The home price for 4 bedroom homes decreased by -11.8%. The home price for 5 bedroom homes decreased by -1.3%.

Housing supply in Fannin County, GA

How many homes are available in Fannin County, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
989Last MonthDec 2024
9162 months agoNov 2024
+8.0 %
Change MoMNov – Dec

Summary: The Fannin County real estate market had 989 homes for sale in Dec 2024, a 8.0 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
49Last MonthDec 2024
412 months agoNov 2024
+19.5 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
12831
+10.7%
2165183
+10.9%
3384414
+7.8%
4244257
+5.3%
595104
+9.5%

Summary: Fannin County housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +10.7%. The inventory for 2 bedroom homes increased by +10.9%. The inventory for 3 bedroom homes increased by +7.8%. The inventory for 4 bedroom homes increased by +5.3%. The inventory for 5 bedroom homes increased by +9.5%.

Asking Price vs. Sold Price

How much do homes in Fannin County, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price9 Homes

Under Asking Price34 Homes

Insight

If you're buying a home in Fannin County, you may be able to get a good deal. 73.9% of homes here sold below asking price last month.

Summary: A total of 49 homes were sold or pending in Fannin County in December 2024, up by 19.5% month-over-month. Of the 46 sold homes, 74% were sold under asking, 20% were sold at asking, and and 7% were sold over asking.

Days on Market for Fannin County, GA

How long does it take to sell a home in Fannin County, GA?

Breakdown of Home Sale Times

Under 30 Days15 Homes

30 – 90 Days12 Homes

Over 90 Days22 Homes

Insight

Most homes in Fannin County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 49 homes were sold in Fannin County; 31% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 45% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
99 DaysThis YearDec 2024
83 Days1 year agoDec 2023
+19.0 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Fannin County had an average listing age of 99 days in Dec 2024, up by 19.0% compared to the previous year.

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Newest Listings in Fannin County, GA

What homes are available in Fannin County, GA?

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Based on information from Northeast Georgia MLS, Georgia MLS, First Multiple Listing Service Inc., Chattanooga MLS / Multiple Listing Service of Chattanooga Inc., and RealTracs Middle Tennessee Regional MLS for the period 01/01/2023 - 01/01/2025

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Northeast Georgia Board of REALTORS ® Multiple Listing Service. © Copyright 2025. All rights reserved. This information is being provided for the consumers' personal, use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily; however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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Last updated on: 1/29/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

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Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:18:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.