Is Milledgeville, 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, Milledgeville was a Seller's Market.
Housing Prices in Milledgeville, GA
How much do homes in Milledgeville, GA cost?
Median Sold Price
$255,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Milledgeville was $255,000 in May 2024, up 5.8% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $124.5K | $57.5K | -53.8% |
2 Bedrooms | $119.5K | $141.6K | +18.5% |
3 Bedrooms | $217K | $229.9K | +5.9% |
4 Bedrooms | $330K | $375K | +13.6% |
5+ Bedrooms | $539K | $269.5K | -50.0% |
Summary: Milledgeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 53.8%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 50%.
Median Sold Price Compared To Nearby Cities
East Baldwin | $310K | $380K | +22.6% |
Coopers | $155K | $167K | +7.7% |
Milledgeville | $241K | $255K | +5.8% |
Housing Supply in Milledgeville, GA
How many homes are available in Milledgeville, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
145 | 161 | +11.0% |
Summary: The Milledgeville real estate market had 161 homes for sale in May 2024, a 11.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 11 | 17 | +54.5% |
3 Bedrooms | 68 | 68 | 0.0% |
4 Bedrooms | 50 | 52 | +4.0% |
5+ Bedrooms | 13 | 21 | +61.5% |
Summary: The Milledgeville 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 54.5%, 3 bedroom homes remained the same, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 61.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
24 | 26 | +8.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Milledgeville in May 2024, up by 8.3% month-over-month. Of the 23 sold homes, 74% were sold under asking, 22% were sold at asking, and 4% were sold over asking.
Days on Market for Milledgeville, GA
How long does it take to sell a home in Milledgeville, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 25 Days | -54.9% |
Summary: Homes in Milledgeville had an average of 25 days on market in May 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 26 homes were sold in Milledgeville; 65% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.