Is Townsend, 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, Townsend was a Seller's Market.
Housing Prices in Townsend, GA
How much do homes in Townsend, GA cost?
Median Sold Price
$330,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Townsend was $330,000 in May 2024, up 2.7% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $207.4K | $337.5K | +62.7% |
3 Bedrooms | $315K | $261.5K | -17.0% |
4 Bedrooms | $575K | $432.4K | -24.8% |
5+ Bedrooms | $692.5K | - | N/A |
Summary: Townsend 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 62.7%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Everett | $322.5K | $339.9K | +5.4% |
Townsend | $321.3K | $330K | +2.7% |
Ludowici South | $284.9K | $286.8K | +0.7% |
Housing Supply in Townsend, GA
How many homes are available in Townsend, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 36 | 0.0% |
Summary: The Townsend real estate market had 36 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 15 | 18 | +20.0% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Townsend 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Townsend in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Townsend, GA
How long does it take to sell a home in Townsend, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 59 Days | +52.1% |
Summary: Homes in Townsend had an average of 59 days on market in May 2024, up by 52.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Townsend; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.