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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ringgold is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Ringgold, GA

How much do homes in Ringgold, GA cost?

Median Sold Price

$311,157

$178/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$11,157(+3.7%)

Key Takeaway

Homes in Ringgold have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Ringgold was $311,157 in May 2024, up 3.7% from last year, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$210K
N/A
2 $170K$200K
+17.6%
3 $279K$300K
+7.5%
4 $383K$411K
+7.3%
5+ $434.2K$470.5K
+8.3%

Summary: Ringgold 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 17.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.3%.

Median Sold Price Compared To Nearby Cities

Boynton Ridge
+9.4%
Catoosa Springs
+6.7%
Ringgold
+3.7%

Housing Supply in Ringgold, GA

How many homes are available in Ringgold, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
219241+10.0%

Summary: The Ringgold real estate market had 241 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 3031
+3.3%
3 112116
+3.6%
4 6370
+11.1%
5+ 1223
+91.7%

Summary: The Ringgold housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 91.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
6048-20.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ringgold, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Ringgold in May 2024, down by 20.0% month-over-month. Of the 47 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.

Days on Market for Ringgold, GA

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

Average Sale Time

May 2023May 2024CHANGE
30 Days55 Days+83.0%

Summary: Homes in Ringgold had an average of 55 days on market in May 2024, up by 83% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 48 homes were sold in Ringgold; 19% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% 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 17 Days Ago

Newest Listings in Ringgold, GA

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