Is Phoenix, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Phoenix has remained a Seller's Market.
Housing Prices in Phoenix, GA
How much do homes in Phoenix, GA cost?
Median Sold Price
$460,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Phoenix was $460,000 in May 2024, up 2.2% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $93K | 0.1% |
2 Bedrooms | $257.5K | $271K | +5.2% |
3 Bedrooms | $375K | $391.2K | +4.3% |
4 Bedrooms | $489.9K | $635K | +29.6% |
5+ Bedrooms | $1.4M | $1.7M | +20.2% |
Summary: Phoenix housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 29.6%, and 5+ bedroom homes increased by 20.2%.
Median Sold Price Compared To Nearby Cities
Devereux | $375K | $425K | +13.3% |
Eatonton | $373.2K | $405.5K | +8.6% |
Little River | $334.5K | $351.9K | +5.2% |
Phoenix | $450K | $460K | +2.2% |
Housing Supply in Phoenix, GA
How many homes are available in Phoenix, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
151 | 162 | +7.3% |
Summary: The Phoenix real estate market had 162 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 69 | 70 | +1.4% |
4 Bedrooms | 48 | 48 | 0.0% |
5+ Bedrooms | 20 | 30 | +50.0% |
Summary: The Phoenix housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Phoenix in May 2024, up by 16.7% month-over-month. Of the 31 sold homes, 77% were sold under asking, 23% were sold at asking, and 0% were sold over asking.
Days on Market for Phoenix, GA
How long does it take to sell a home in Phoenix, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 47 Days | -9.9% |
Summary: Homes in Phoenix had an average of 47 days on market in May 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 35 homes were sold in Phoenix; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.