Is Spalding County, 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, Spalding County has remained a Seller's Market.
Housing Prices in Spalding County, GA
How much do homes in Spalding County, GA cost?
Median Sold Price
$250,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spalding County was $250,000 in April 2024, up 0.1% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $119K | $133.3K | +12.0% |
2 Bedrooms | $178K | $181K | +1.7% |
3 Bedrooms | $225K | $227K | +0.9% |
4 Bedrooms | $309.9K | $315K | +1.6% |
5+ Bedrooms | $401K | $399.9K | -0.3% |
Summary: Spalding County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 0.3%.
Median Sold Price Compared To Nearby Counties
Pike County | $330K | $379K | +14.8% |
Fayette County | $449.1K | $483.8K | +7.7% |
Lamar County | $241.4K | $253K | +4.8% |
Clayton County | $240K | $243.6K | +1.5% |
Spalding County | $249.8K | $250K | 0.1% |
Housing Supply in Spalding County, GA
How many homes are available in Spalding County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
399 | 448 | +12.3% |
Summary: The Spalding County real estate market had 448 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 58 | 68 | +17.2% |
3 Bedrooms | 181 | 204 | +12.7% |
4 Bedrooms | 119 | 132 | +10.9% |
5+ Bedrooms | 31 | 36 | +16.1% |
Summary: The Spalding County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 16.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 90 | +23.3% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 90 homes were sold or pending in Spalding County in April 2024, up by 23.3% month-over-month. Of the 79 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Spalding County, GA
How long does it take to sell a home in Spalding County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 41 Days | +2.2% |
Summary: Homes in Spalding County had an average of 41 days on market in Apr 2024, up by 2.2% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 90 homes were sold in Spalding County; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.