Is Tunnel Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tunnel Hill is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Tunnel Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Tunnel Hill, GA

How much do homes in Tunnel Hill, GA cost?

Median Sold Price

$240,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$22,100(-8.4%)

Key Takeaway

Homes in Tunnel Hill have sold for 8.4% less than they did a year ago.

Summary: The median home sold price in Tunnel Hill was $240,000 in April 2024, down 8.4% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$209K
N/A
3 $231K$234.9K
+1.7%
4 $280K$330K
+17.9%
5+ $279K$262.5K
-5.9%

Summary: Tunnel Hill 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 did not change, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

West Whitfield
+12.5%
Tunnel Hill
-8.4%

Housing Supply in Tunnel Hill, GA

How many homes are available in Tunnel Hill, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
3623-36.1%

Summary: The Tunnel Hill real estate market had 23 homes for sale in April 2024, a 36.1% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 83
-62.5%
3 2115
-28.6%
4 44
0.0%
5+ 31
-66.7%

Summary: The Tunnel Hill 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 decreased by 62.5%, 3 bedroom homes decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 66.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
205-75.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tunnel Hill, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Tunnel Hill in April 2024, down by 75.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market for Tunnel Hill, GA

We’re sorry, we don't have information for this market at the moment

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 5 homes were sold in Tunnel Hill; 20% of homes were sold within 30 days, 0% 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 16 Days Ago

Newest Listings in Tunnel Hill, GA

Nearby Markets to Tunnel Hill, GA

What housing markets are near Tunnel Hill, GA?