Is Tallapoosa, 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, Tallapoosa was a Neutral Market.
Key Takeaway
Tallapoosa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Tallapoosa, GA
How much do homes in Tallapoosa, GA cost?
Median Sold Price
$226,250
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Tallapoosa has remained the same since last year.
Summary: The median home sold price in Tallapoosa was $226,250 in May 2024, up 0.1% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $193K | $47.5K | -75.4% |
| 2 Bedrooms | $167K | $175K | +4.8% |
| 3 Bedrooms | $215K | $257.5K | +19.8% |
| 4 Bedrooms | $282.5K | $190K | -32.7% |
| 5+ Bedrooms | $280.4K | $213K | -24.1% |
Summary: Tallapoosa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 75.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 19.8%, 4 bedroom homes decreased by 32.7%, and 5+ bedroom homes decreased by 24.1%.
Housing Supply in Tallapoosa, GA
How many homes are available in Tallapoosa, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 26 | +18.2% |
Summary: The Tallapoosa real estate market had 26 homes for sale in May 2024, a 18.2% 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 | 1 | 0.0% |
| 3 Bedrooms | 11 | 15 | +36.4% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Tallapoosa 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 36.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Tallapoosa, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Tallapoosa in May 2024, down by 16.7% month-over-month. Of the 4 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for Tallapoosa, GA
How long does it take to sell a home in Tallapoosa, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 33 Days | 119 Days | +263.0% |
Summary: Homes in Tallapoosa had an average of 119 days on market in May 2024, up by 263% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Tallapoosa are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Tallapoosa; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.