Is Flowery Branch, 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, Flowery Branch has remained a Seller's Market.
Key Takeaway
Flowery Branch is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Flowery Branch, GA
How much do homes in Flowery Branch, GA cost?
Median Sold Price
$430,666
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Flowery Branch has remained the same since last year.
Summary: The median home sold price in Flowery Branch was $430,666 in May 2024, up 0.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $215K | N/A |
| 2 Bedrooms | $290K | $295K | +1.7% |
| 3 Bedrooms | $360K | $377K | +4.7% |
| 4 Bedrooms | $460K | $471.5K | +2.5% |
| 5+ Bedrooms | $576K | $599K | +4.0% |
Summary: Flowery Branch 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 1.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $299.9K | $333.9K | +11.3% |
| Flowery Branch | $429.8K | $430.6K | 0.2% |
Housing Supply in Flowery Branch, GA
How many homes are available in Flowery Branch, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 239 | 271 | +13.4% |
Summary: The Flowery Branch real estate market had 271 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 11 | 22 | +100.0% |
| 3 Bedrooms | 63 | 67 | +6.3% |
| 4 Bedrooms | 104 | 118 | +13.5% |
| 5+ Bedrooms | 59 | 61 | +3.4% |
Summary: The Flowery Branch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 54 | -8.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flowery Branch, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Flowery Branch in May 2024, down by 8.5% month-over-month. Of the 52 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Flowery Branch, GA
How long does it take to sell a home in Flowery Branch, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 50 Days | +28.0% |
Summary: Homes in Flowery Branch had an average of 50 days on market in May 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flowery Branch are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 54 homes were sold in Flowery Branch; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% 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.