Is Auburn, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Auburn was a Seller's Market.

Key Takeaway

Auburn is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Auburn, GA

How much do homes in Auburn, GA cost?

Median Sold Price

$399,450

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$55,616(+16.2%)

Key Takeaway

Homes in Auburn have sold for 16.2% more than they did a year ago.

Summary: The median home sold price in Auburn was $399,450 in June 2024, up 16.2% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $215K$234K
+8.8%
3 $315K$326.2K
+3.6%
4 $425K$429.9K
+1.2%
5+ $540K$550K
+1.9%

Summary: Auburn housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 1.9%.

Median Sold Price Compared To Nearby Cities

Auburn
+16.2%
Dacula-Rocky Creek
+6.8%

Housing Supply in Auburn, GA

How many homes are available in Auburn, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
145159+9.7%

Summary: The Auburn real estate market had 159 homes for sale in June 2024, a 9.7% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 11
0.0%
2 11
0.0%
3 4956
+14.3%
4 5165
+27.5%
5+ 4336
-16.3%

Summary: The Auburn housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 27.5%, and 5+ bedroom homes decreased by 16.3%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3327-18.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, expect to pay close to the asking price. 48% of homes here sold near the asking price last month.

Summary: A total of 27 homes were sold or pending in Auburn in June 2024, down by 18.2% month-over-month. Of the 25 sold homes, 36% were sold under asking, 48% were sold at asking, and 16% were sold over asking.

Days on Market for Auburn, GA

How long does it take to sell a home in Auburn, GA?

Average Sale Time

Jun 2023Jun 2024CHANGE
33 Days41 Days+22.4%

Summary: Homes in Auburn had an average of 41 days on market in Jun 2024, up by 22.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Auburn are selling fast, if you're buying plan to act quickly.

Summary: During June 2024, 27 homes were sold in Auburn; 52% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

Newest Listings in Auburn, GA

Nearby Markets to Auburn, GA

What housing markets are near Auburn, GA?