Is Chestatee, 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, Chestatee was a Seller's Market.
Housing Prices in Chestatee, GA
How much do homes in Chestatee, GA cost?
Median Sold Price
$490,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Chestatee was $490,000 in May 2024, up 0.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $297.4K | +8.2% |
2 Bedrooms | $240K | $300K | +25.0% |
3 Bedrooms | $368K | $375K | +1.9% |
4 Bedrooms | $533.7K | $552K | +3.4% |
5+ Bedrooms | $585K | $669K | +14.4% |
Summary: Chestatee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
Silver City | $503.2K | $540K | +7.3% |
Blacks Mill | $425.6K | $454.2K | +6.7% |
Chestatee | $489.6K | $490K | 0.1% |
Murrayville | $404K | $400K | -1.0% |
Housing Supply in Chestatee, GA
How many homes are available in Chestatee, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
148 | 147 | -0.7% |
Summary: The Chestatee real estate market had 147 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 8 | +60.0% |
3 Bedrooms | 32 | 42 | +31.3% |
4 Bedrooms | 68 | 52 | -23.5% |
5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The Chestatee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 20 | -58.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Chestatee in May 2024, down by 58.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for Chestatee, GA
How long does it take to sell a home in Chestatee, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 24 Days | -29.9% |
Summary: Homes in Chestatee had an average of 24 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Chestatee; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.