Is Phoenix, 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, Phoenix has remained a Seller's Market.
Key Takeaway
Phoenix is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Phoenix, GA
How much do homes in Phoenix, GA cost?
Median Sold Price
$460,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Phoenix have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Phoenix was $460,000 in May 2024, up 2.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $93K | 0.1% |
| 2 Bedrooms | $257.5K | $271K | +5.2% |
| 3 Bedrooms | $375K | $391.2K | +4.3% |
| 4 Bedrooms | $489.9K | $635K | +29.6% |
| 5+ Bedrooms | $1.4M | $1.7M | +20.2% |
Summary: Phoenix housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
| Devereux | $375K | $425K | +13.3% |
| Eatonton | $373.2K | $405.5K | +8.6% |
| Little River | $334.5K | $351.9K | +5.2% |
| Phoenix | $450K | $460K | +2.2% |
Housing Supply in Phoenix, GA
How many homes are available in Phoenix, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 151 | 162 | +7.3% |
Summary: The Phoenix real estate market had 162 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 8 | 10 | +25.0% |
| 3 Bedrooms | 69 | 70 | +1.4% |
| 4 Bedrooms | 48 | 48 | 0.0% |
| 5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The Phoenix housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 77.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Phoenix in May 2024, up by 16.7% month-over-month. Of the 31 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for Phoenix, GA
How long does it take to sell a home in Phoenix, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 47 Days | -9.9% |
Summary: Homes in Phoenix had an average of 47 days on market in May 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Phoenix are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 35 homes were sold in Phoenix; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.