Is Hiram, 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, Hiram has remained a Seller's Market.
Key Takeaway
Hiram is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hiram, GA
How much do homes in Hiram, GA cost?
Median Sold Price
$325,000
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Hiram has remained the same since last year.
Summary: The median home sold price in Hiram was $325,000 in May 2024, up 0.3% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $245K | $259.9K | +6.1% |
| 3 Bedrooms | $295K | $314K | +6.4% |
| 4 Bedrooms | $355.4K | $347K | -2.4% |
| 5+ Bedrooms | $405K | $416K | +2.7% |
Summary: Hiram 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 6.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Cities
| Dallas | $356.5K | $364.8K | +2.3% |
| Hiram | $324K | $325K | 0.3% |
Housing Supply in Hiram, GA
How many homes are available in Hiram, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 147 | 171 | +16.3% |
Summary: The Hiram real estate market had 171 homes for sale in May 2024, a 16.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 8 | -11.1% |
| 3 Bedrooms | 84 | 94 | +11.9% |
| 4 Bedrooms | 39 | 48 | +23.1% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Hiram 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 11.1%, 3 bedroom homes increased by 11.9%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hiram, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Hiram in May 2024, the same as the previous month. Of the 28 sold homes, 36% were sold under asking, 36% were sold at asking, and 29% were sold over asking.
Days on Market for Hiram, GA
How long does it take to sell a home in Hiram, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 31 Days | -17.5% |
Summary: Homes in Hiram had an average of 31 days on market in May 2024, down by 17.5% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hiram are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 29 homes were sold in Hiram; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.
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