Is Bremen, 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, Bremen was a Seller's Market.
Key Takeaway
Bremen 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 Bremen, GA
How much do homes in Bremen, GA cost?
Median Sold Price
$295,000
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Bremen have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Bremen was $295,000 in May 2024, up 2.8% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100.5K | N/A |
| 2 Bedrooms | $174.2K | $142K | -18.5% |
| 3 Bedrooms | $258K | $250K | -3.1% |
| 4 Bedrooms | $329K | $342.5K | +4.1% |
| 5+ Bedrooms | $386.9K | $410.1K | +6.0% |
Summary: Bremen 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 18.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes increased by 6%.
Housing Supply in Bremen, GA
How many homes are available in Bremen, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 104 | +9.5% |
Summary: The Bremen real estate market had 104 homes for sale in May 2024, a 9.5% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 46 | 51 | +10.9% |
| 4 Bedrooms | 31 | 34 | +9.7% |
| 5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Bremen 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 decreased by 33.3%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 9.7%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bremen, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Bremen in May 2024, up by 14.3% month-over-month. Of the 16 sold homes, 63% were sold under asking, 19% were sold at asking, and 19% were sold over asking.
Days on Market for Bremen, GA
How long does it take to sell a home in Bremen, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 56 Days | +100.1% |
Summary: Homes in Bremen had an average of 56 days on market in May 2024, up by 100.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bremen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Bremen; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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