Is Bill Arp, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bill Arp has remained a Seller's Market.
Key Takeaway
Bill Arp is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bill Arp, GA
How much do homes in Bill Arp, GA cost?
Median Sold Price
$325,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bill Arp have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Bill Arp was $325,000 in May 2024, up 2.8% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $229.9K | $385K | +67.5% |
| 3 Bedrooms | $270K | $275K | +1.9% |
| 4 Bedrooms | $352K | $345K | -2.0% |
| 5+ Bedrooms | $475K | $510K | +7.4% |
Summary: Bill Arp 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 increased by 67.5%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Cities
| Fairplay | $385K | $405K | +5.2% |
| Bill Arp | $316.1K | $325K | +2.8% |
| Douglasville | $318.1K | $325.1K | +2.2% |
| Douglasville-Lithia Springs | $296.5K | $299.8K | +1.1% |
| Winston | $345K | $342.9K | -0.6% |
Housing Supply in Bill Arp, GA
How many homes are available in Bill Arp, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 257 | 287 | +11.7% |
Summary: The Bill Arp real estate market had 287 homes for sale in May 2024, a 11.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 111 | 121 | +9.0% |
| 4 Bedrooms | 86 | 91 | +5.8% |
| 5+ Bedrooms | 58 | 73 | +25.9% |
Summary: The Bill Arp 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 9%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 25.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 66 | +43.5% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bill Arp, you may be able to get a good deal. 42.2% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Bill Arp in May 2024, up by 43.5% month-over-month. Of the 64 sold homes, 42% were sold under asking, 31% were sold at asking, and 27% were sold over asking.
Days on Market for Bill Arp, GA
How long does it take to sell a home in Bill Arp, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 31 Days | -33.6% |
Summary: Homes in Bill Arp had an average of 31 days on market in May 2024, down by 33.6% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bill Arp are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 66 homes were sold in Bill Arp; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.