Is Southeast Banks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Southeast Banks has remained a Seller's Market.
Housing Prices in Southeast Banks, GA
How much do homes in Southeast Banks, GA cost?
Median Sold Price
$355,000
$196/sqft
Based on all homes sold in April 2024.
The Median Sold Price hasn't changed since March 2024.
Summary: The median home sold price in Southeast Banks was $355,000 in April 2024, the same as last month, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $338.4K | $332.8K | -1.6% |
4 Bedrooms | $415K | $540K | +30.1% |
5+ Bedrooms | - | - | N/A |
Summary: Southeast Banks housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 30.1%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Banks, GA
How many homes are available in Southeast Banks, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 26 | -13.3% |
Summary: The Southeast Banks real estate market had 26 homes for sale in April 2024, a 13.3% decrease 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 | 3 | 3 | 0.0% |
3 Bedrooms | 13 | 10 | -23.1% |
4 Bedrooms | 12 | 11 | -8.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southeast Banks 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 remained the same, 3 bedroom homes decreased by 23.1%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Southeast Banks in April 2024, down by 44.4% month-over-month. Of the 5 sold homes, 0% were sold under asking, 20% were sold at asking, and 80% were sold over asking.
Days on Market for Southeast Banks, GA
How long does it take to sell a home in Southeast Banks, GA?
Average Sale Time
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 Days | 24 Days | -21.2% |
Summary: Homes in Southeast Banks had an average of 24 days on market in Apr 2024, down by 21.2% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 5 homes were sold in Southeast Banks; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.