Is Southwest Butts, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Southwest Butts was a Seller's Market.
Housing Prices in Southwest Butts, GA
How much do homes in Southwest Butts, GA cost?
Median Sold Price
$275,500
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southwest Butts was $275,500 in May 2024, up 0.2% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $217.5K | $255K | +17.2% |
3 Bedrooms | $270K | $242K | -10.4% |
4 Bedrooms | $278.5K | $319.9K | +14.9% |
5+ Bedrooms | $315K | $418K | +32.7% |
Summary: Southwest Butts 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 17.2%, 3 bedroom homes decreased by 10.4%, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 32.7%.
Median Sold Price Compared To Nearby Cities
Towalaga | $345K | $351.6K | +1.9% |
Southwest Butts | $275K | $275.5K | 0.2% |
Housing Supply in Southwest Butts, GA
How many homes are available in Southwest Butts, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Summary: The Southwest Butts real estate market had 19 homes for sale in May 2024, a 9.5% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 8 | 8 | 0.0% |
4 Bedrooms | 10 | 6 | -40.0% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Southwest Butts 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 remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Southwest Butts in May 2024, down by 57.1% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Southwest Butts, GA
How long does it take to sell a home in Southwest Butts, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 18 Days | +15.5% |
Summary: Homes in Southwest Butts had an average of 18 days on market in May 2024, up by 15.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Southwest Butts; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.