Is McRae, 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, McRae has remained a Neutral Market.
Housing Prices in McRae, GA
How much do homes in McRae, GA cost?
Median Sold Price
$157,500
$83/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McRae was $157,500 in April 2024, up 26% from last year, and the median price per square foot was $83.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $96.5K | $135.7K | +40.7% |
3 Bedrooms | $119K | $160K | +34.5% |
4 Bedrooms | $225K | $131K | -41.8% |
5+ Bedrooms | $387.5K | $330K | -14.8% |
Summary: McRae housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40.7%, 3 bedroom homes increased by 34.5%, 4 bedroom homes decreased by 41.8%, and 5+ bedroom homes decreased by 14.8%.
Median Sold Price Compared To Nearby Cities
McRae | $125K | $157.5K | +26.0% |
McRae-Helena | $125K | $143K | +14.4% |
Mc Rae Helena | $131K | $147.2K | +12.4% |
Housing Supply in McRae, GA
How many homes are available in McRae, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 13 | +30.0% |
Summary: The McRae real estate market had 13 homes for sale in April 2024, a 30.0% 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 | 1 | 2 | +100.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The McRae 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 increased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in McRae in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for McRae, GA
How long does it take to sell a home in McRae, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 83 Days | +361.1% |
Summary: Homes in McRae had an average of 83 days on market in Apr 2024, up by 361.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in McRae; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.