Is Bishop, 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, Bishop has remained a Seller's Market.
Key Takeaway
Bishop is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bishop, GA
How much do homes in Bishop, GA cost?
Median Sold Price
$615,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bishop have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in Bishop was $615,000 in May 2024, up 1.7% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $332.5K | $249.9K | -24.8% |
| 3 Bedrooms | $356.2K | $468K | +31.4% |
| 4 Bedrooms | $599K | $643K | +7.3% |
| 5+ Bedrooms | $717.6K | $717K | -0.1% |
Summary: Bishop 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 24.8%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Bishop, GA
How many homes are available in Bishop, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 | 52 | +30.0% |
Summary: The Bishop real estate market had 52 homes for sale in May 2024, a 30.0% 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 | 1 | 3 | +200.0% |
| 3 Bedrooms | 14 | 13 | -7.1% |
| 4 Bedrooms | 15 | 25 | +66.7% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Bishop 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 increased by 200%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 15 | +150.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bishop, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Bishop in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Bishop, GA
How long does it take to sell a home in Bishop, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 34 Days | +8.5% |
Summary: Homes in Bishop had an average of 34 days on market in May 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bishop are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Bishop; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information 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. Information deemed reliable but not guaranteed. 
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.