Is Moreland, 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, Moreland has remained a Seller's Market.
Key Takeaway
Moreland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moreland, GA
How much do homes in Moreland, GA cost?
Median Sold Price
$569,900
$190/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Moreland have sold for 13.4% more than they did a month ago.
Summary: The median home sold price in Moreland was $569,900 in May 2024, up 13.4% from last month, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $341K | $369.9K | +8.5% |
| 4 Bedrooms | $504.9K | $573.4K | +13.6% |
| 5+ Bedrooms | $604.9K | $589.9K | -2.5% |
Summary: Moreland 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 8.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Moreland, GA
How many homes are available in Moreland, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Moreland real estate market had 27 homes for sale in May 2024, a 8.0% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Moreland 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 increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Moreland, expect to pay close to the asking price. 87.5% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Moreland in May 2024, up by 50.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 88% were sold at asking, and 0% were sold over asking.
Days on Market for Moreland, GA
How long does it take to sell a home in Moreland, GA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +2.3% |
Summary: Homes in Moreland had an average of 32 days on market in May 2024, up by 2.3% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moreland are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 9 homes were sold in Moreland; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
