Is Buchanan, 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, Buchanan has remained a Seller's Market.
Housing Prices in Buchanan, GA
How much do homes in Buchanan, GA cost?
Median Sold Price
$255,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Buchanan was $255,000 in May 2024, up 6.7% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $290K | $180K | -37.9% |
2 Bedrooms | $163.9K | $187.5K | +14.4% |
3 Bedrooms | $236.5K | $234.5K | -0.8% |
4 Bedrooms | $263.5K | $305K | +15.7% |
5+ Bedrooms | - | $271.4K | N/A |
Summary: Buchanan housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.9%, 2 bedroom homes increased by 14.4%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes did not change.
Housing Supply in Buchanan, GA
How many homes are available in Buchanan, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 20 | 0.0% |
Summary: The Buchanan real estate market had 20 homes for sale in May 2024, the same as 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 | 13 | 13 | 0.0% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Buchanan 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 remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Buchanan in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Buchanan, GA
How long does it take to sell a home in Buchanan, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
17 Days | 30 Days | +68.5% |
Summary: Homes in Buchanan had an average of 30 days on market in May 2024, up by 68.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Buchanan; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.