Is Towalaga, 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, Towalaga has remained a Seller's Market.
Key Takeaway
Towalaga is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Towalaga, GA
How much do homes in Towalaga, GA cost?
Median Sold Price
$351,695
$180/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Towalaga have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in Towalaga was $351,695 in May 2024, up 1.9% from last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75.5K | $250K | +231.1% |
| 2 Bedrooms | $355K | $358K | +0.8% |
| 3 Bedrooms | $313K | $323.5K | +3.4% |
| 4 Bedrooms | $351K | $404.1K | +15.1% |
| 5+ Bedrooms | $578K | $546K | -5.5% |
Summary: Towalaga housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 231.1%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes decreased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Towalaga | $345K | $351.6K | +1.9% |
| Southwest Butts | $275K | $275.5K | 0.2% |
Housing Supply in Towalaga, GA
How many homes are available in Towalaga, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 88 | 91 | +3.4% |
Summary: The Towalaga real estate market had 91 homes for sale in May 2024, a 3.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The Towalaga 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 4%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Towalaga, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Towalaga in May 2024, down by 5.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for Towalaga, GA
How long does it take to sell a home in Towalaga, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 45 Days | +98.2% |
Summary: Homes in Towalaga had an average of 45 days on market in May 2024, up by 98.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Towalaga are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Towalaga; 71% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 24% 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.