Is Demorest, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Demorest has remained a Seller's Market.
Housing Prices in Demorest, GA
How much do homes in Demorest, GA cost?
Median Sold Price
$300,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Demorest was $300,000 in April 2024, up 7.1% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $205K | $207K | +1.0% |
2 Bedrooms | $181K | $205.5K | +13.5% |
3 Bedrooms | $249.9K | $300K | +20.0% |
4 Bedrooms | $385.3K | $375K | -2.7% |
5+ Bedrooms | $289K | $560K | +93.8% |
Summary: Demorest housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 93.8%.
Housing Supply in Demorest, GA
How many homes are available in Demorest, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Demorest real estate market had 41 homes for sale in April 2024, a 20.6% increase 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 | 5 | 6 | +20.0% |
3 Bedrooms | 15 | 20 | +33.3% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Demorest 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 20%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Demorest in April 2024, down by 12.5% month-over-month. Of the 7 sold homes, 43% were sold under asking, 14% were sold at asking, and 43% were sold over asking.
Days on Market for Demorest, GA
How long does it take to sell a home in Demorest, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
8 Days | 43 Days | +416.0% |
Summary: Homes in Demorest had an average of 43 days on market in Apr 2024, up by 416% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Demorest; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.