Is Abbottsford, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Abbottsford was a Seller's Market.
Key Takeaway
Abbottsford is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Abbottsford, GA
How much do homes in Abbottsford, GA cost?
Median Sold Price
$320,500
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Abbottsford have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Abbottsford was $320,500 in May 2024, up 18.7% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $209.9K | N/A |
| 3 Bedrooms | $236K | $279.9K | +18.6% |
| 4 Bedrooms | $318.8K | $345.4K | +8.4% |
| 5+ Bedrooms | $300K | $525K | +75.0% |
Summary: Abbottsford 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 did not change, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 75%.
Median Sold Price Compared To Nearby Cities
| Hillcrest | $257.4K | $310.3K | +20.6% |
| Abbottsford | $269.9K | $320.5K | +18.7% |
| Texas | $235K | $269K | +14.5% |
Housing Supply in Abbottsford, GA
How many homes are available in Abbottsford, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Abbottsford real estate market had 18 homes for sale in May 2024, a 20.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Abbottsford 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 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Abbottsford, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Abbottsford in May 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Abbottsford, GA
How long does it take to sell a home in Abbottsford, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 4 Days | -75.8% |
Summary: Homes in Abbottsford had an average of 4 days on market in May 2024, down by 75.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Abbottsford are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Abbottsford; 100% 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.
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