Is Cherry Log, 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, Cherry Log was a Seller's Market.
Housing Prices in Cherry Log, GA
How much do homes in Cherry Log, GA cost?
Median Sold Price
$479,900
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cherry Log was $479,900 in May 2024, down 6.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $350K | N/A |
2 Bedrooms | $378.6K | $429.9K | +13.6% |
3 Bedrooms | $569.5K | $537K | -5.7% |
4 Bedrooms | $695K | $865K | +24.5% |
5+ Bedrooms | $900K | - | N/A |
Summary: Cherry Log 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 13.6%, 3 bedroom homes decreased by 5.7%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Higdon-Mobile | $490K | $619K | +26.3% |
North Gilmer | $446.7K | $460K | +3.0% |
Rich Mountain | $469K | $477.4K | +1.8% |
Epworth | $482.4K | $483K | 0.1% |
Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in Cherry Log, GA
How many homes are available in Cherry Log, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
58 | 69 | +19.0% |
Summary: The Cherry Log real estate market had 69 homes for sale in May 2024, a 19.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 39 | 44 | +12.8% |
4 Bedrooms | 10 | 12 | +20.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherry Log 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 57.1%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Cherry Log in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Cherry Log, GA
How long does it take to sell a home in Cherry Log, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
23 Days | 24 Days | +2.1% |
Summary: Homes in Cherry Log had an average of 24 days on market in May 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Cherry Log; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.