Is Boynton Ridge, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Ridge is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Boynton Ridge was a Seller's Market.

Key Takeaway

Boynton Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Boynton Ridge, GA

How much do homes in Boynton Ridge, GA cost?

Median Sold Price

$339,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$29,037(+9.4%)

Key Takeaway

Homes in Boynton Ridge have sold for 9.4% more than they did a year ago.

Summary: The median home sold price in Boynton Ridge was $339,000 in May 2024, up 9.4% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$210K
N/A
2 $176.2K$265K
+50.4%
3 $280K$317.5K
+13.4%
4 $373.9K$446K
+19.3%
5+ $570K$554.9K
-2.6%

Summary: Boynton Ridge 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 50.4%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

Fort Oglethorpe-Lakeview
+11.6%
Boynton Ridge
+9.4%
Fort Oglethorpe
+5.9%
Ringgold
+3.7%
Rossville-Beverly Hills
+1.6%

Housing Supply in Boynton Ridge, GA

How many homes are available in Boynton Ridge, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
8782-5.7%

Summary: The Boynton Ridge real estate market had 82 homes for sale in May 2024, a 5.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1112
+9.1%
3 3931
-20.5%
4 3029
-3.3%
5+ 610
+66.7%

Summary: The Boynton Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 9.1%, 3 bedroom homes decreased by 20.5%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2810-64.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 10 homes were sold or pending in Boynton Ridge in May 2024, down by 64.3% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.

Days on Market for Boynton Ridge, GA

How long does it take to sell a home in Boynton Ridge, GA?

Average Sale Time

May 2023May 2024CHANGE
10 Days15 Days+42.9%

Summary: Homes in Boynton Ridge had an average of 15 days on market in May 2024, up by 42.9% compared to last year.

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 Boynton Ridge are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 10 homes were sold in Boynton Ridge; 10% 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 8 Days Ago

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