Is Reed Creek, 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, Reed Creek was a Seller's Market.
Housing Prices in Reed Creek, GA
How much do homes in Reed Creek, GA cost?
Median Sold Price
$435,000
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Reed Creek was $435,000 in May 2024, up 25.7% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $249K | $315K | +26.5% |
3 Bedrooms | $280K | $289K | +3.2% |
4 Bedrooms | $338K | $845K | +150.0% |
5+ Bedrooms | $1.1M | $1.2M | +14.3% |
Summary: Reed Creek housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in Reed Creek, GA
How many homes are available in Reed Creek, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
67 | 68 | +1.5% |
Summary: The Reed Creek real estate market had 68 homes for sale in May 2024, a 1.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 23 | 28 | +21.7% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Reed Creek 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 11.1%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 9 | -25.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Reed Creek in May 2024, down by 25.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Reed Creek, GA
How long does it take to sell a home in Reed Creek, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
56 Days | 28 Days | -50.2% |
Summary: Homes in Reed Creek had an average of 28 days on market in May 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Reed Creek; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.