Is Buchanan, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Buchanan has remained a Seller's Market.
Housing Prices in Buchanan, GA
How much do homes in Buchanan, GA cost?
Median Sold Price
$344,457
$168/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Summary: The median home sold price in Buchanan was $344,457 in April 2024, up 49.8% from last month, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $122.5K | $64.9K | -46.9% |
3 Bedrooms | $220K | $204K | -7.3% |
4 Bedrooms | $267K | $492.4K | +84.4% |
5+ Bedrooms | $342.9K | - | N/A |
Summary: Buchanan housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.9%, 3 bedroom homes decreased by 7.3%, 4 bedroom homes increased by 84.4%, and 5+ bedroom homes did not change.
Housing Supply in Buchanan, GA
How many homes are available in Buchanan, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 20 | -9.1% |
Summary: The Buchanan real estate market had 20 homes for sale in April 2024, a 9.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 2 | +100.0% |
3 Bedrooms | 12 | 12 | 0.0% |
4 Bedrooms | 6 | 4 | -33.3% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Buchanan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Buchanan in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for Buchanan, GA
How long does it take to sell a home in Buchanan, GA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 25 Days | -51.6% |
Summary: Homes in Buchanan had an average of 25 days on market in Apr 2024, down by 51.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Buchanan; 50% 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.