Is Rock Spring, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Spring is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Rock Spring has remained a Seller's Market.

Key Takeaway

Rock Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rock Spring, GA

How much do homes in Rock Spring, GA cost?

Median Sold Price

$294,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$5,000(-1.7%)

Key Takeaway

Homes in Rock Spring have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Rock Spring was $294,000 in May 2024, down 1.7% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$208.9K
N/A
2 $235K$192K
-18.3%
3 $250K$264.5K
+5.8%
4 $365K$390K
+6.8%
5+ $405K$512.5K
+26.5%

Summary: Rock Spring 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 18.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 26.5%.

Median Sold Price Compared To Nearby Cities

Boynton Ridge
+9.4%
La Fayette
+2.8%
Rock Spring
-1.7%

Housing Supply in Rock Spring, GA

How many homes are available in Rock Spring, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4951+4.1%

Summary: The Rock Spring real estate market had 51 homes for sale in May 2024, a 4.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 33
0.0%
3 2630
+15.4%
4 1414
0.0%
5+ 64
-33.3%

Summary: The Rock Spring 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 increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
14140.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Spring, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Rock Spring in May 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.

Days on Market for Rock Spring, GA

How long does it take to sell a home in Rock Spring, GA?

Average Sale Time

May 2023May 2024CHANGE
20 Days17 Days-14.5%

Summary: Homes in Rock Spring had an average of 17 days on market in May 2024, down by 14.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rock Spring are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 14 homes were sold in Rock Spring; 21% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Rock Spring, GA

Nearby Markets to Rock Spring, GA

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