Is Toccoa, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toccoa is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Toccoa has remained a Seller's Market.

Key Takeaway

Toccoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Toccoa, GA

How much do homes in Toccoa, GA cost?

Median Sold Price

$227,450

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,450(+19.7%)

Key Takeaway

Homes in Toccoa have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in Toccoa was $227,450 in May 2024, up 19.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $56.5K$144K
+154.9%
2 $140K$149.9K
+7.1%
3 $190K$232.7K
+22.5%
4 $247K$333.5K
+35.0%
5+ $450K$529.9K
+17.8%

Summary: Toccoa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Cities

Rock Creek
+42.8%
Eastanollee
+26.7%
Toccoa
+19.7%
Martin-Avalon
+11.2%

Housing Supply in Toccoa, GA

How many homes are available in Toccoa, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
123151+22.8%

Summary: The Toccoa real estate market had 151 homes for sale in May 2024, a 22.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2931
+6.9%
3 5873
+25.9%
4 3136
+16.1%
5+ 511
+120.0%

Summary: The Toccoa 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 6.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2535+40.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toccoa, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Toccoa in May 2024, up by 40.0% month-over-month. Of the 35 sold homes, 60% were sold under asking, 14% were sold at asking, and 26% were sold over asking.

Days on Market for Toccoa, GA

How long does it take to sell a home in Toccoa, GA?

Average Sale Time

May 2023May 2024CHANGE
25 Days39 Days+57.1%

Summary: Homes in Toccoa had an average of 39 days on market in May 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Toccoa are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 35 homes were sold in Toccoa; 57% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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