Is Grovetown, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grovetown has remained a Seller's Market.
Key Takeaway
Grovetown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grovetown, GA
How much do homes in Grovetown, GA cost?
Median Sold Price
$297,000
$119/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Grovetown have sold for 2.8% more than they did a month ago.
Summary: The median home sold price in Grovetown was $297,000 in May 2024, up 2.8% from last month, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $275K | $286K | +4.0% |
| 4 Bedrooms | $289K | $285K | -1.4% |
| 5+ Bedrooms | - | $311.4K | N/A |
Summary: Grovetown housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Grovetown-Harlem | $299.9K | $325K | +8.4% |
| Grovetown | $289K | $297K | +2.8% |
Housing Supply in Grovetown, GA
How many homes are available in Grovetown, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 12 | -33.3% |
Summary: The Grovetown real estate market had 12 homes for sale in May 2024, a 33.3% decrease 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 | 1 | 0.0% |
| 3 Bedrooms | 5 | 2 | -60.0% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Grovetown 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 decreased by 60%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grovetown, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Grovetown in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Grovetown, GA
How long does it take to sell a home in Grovetown, GA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 83 Days | 61 Days | -26.3% |
Summary: Homes in Grovetown had an average of 61 days on market in May 2024, down by 26.3% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grovetown has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Grovetown; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
