Is Rex, 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, Rex has remained a Seller's Market.
Housing Prices in Rex, GA
How much do homes in Rex, GA cost?
Median Sold Price
$255,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rex was $255,000 in May 2024, down 3.4% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | $278.4K | N/A |
3 Bedrooms | $249.9K | $240K | -4.0% |
4 Bedrooms | $280K | $290.5K | +3.8% |
5+ Bedrooms | $337.5K | $292.5K | -13.3% |
Summary: Rex 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 did not change, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 13.3%.
Median Sold Price Compared To Nearby Cities
Forest Park-Morrow | $232.6K | $230K | -1.1% |
Ellenwood | $306.1K | $300K | -2.0% |
Rex | $263.9K | $255K | -3.4% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 116 | +13.7% |
Summary: The Rex real estate market had 116 homes for sale in May 2024, a 13.7% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 64 | 77 | +20.3% |
4 Bedrooms | 28 | 30 | +7.1% |
5+ Bedrooms | 9 | 7 | -22.2% |
Summary: The Rex 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 increased by 100%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 23 | +15.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Rex in May 2024, up by 15.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% were sold over asking.
Days on Market for Rex, GA
How long does it take to sell a home in Rex, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 56 Days | +12.6% |
Summary: Homes in Rex had an average of 56 days on market in May 2024, up by 12.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Rex; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.