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 May 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

$399,900

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$61,233(+18.1%)

Key Takeaway

Homes in Auburn have sold for 18.1% more than they did a year ago.

Summary: The median home sold price in Auburn was $399,900 in May 2024, up 18.1% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $215K$232K
+7.9%
3 $315K$325K
+3.2%
4 $429.9K$428K
-0.5%
5+ $514.7K$555.4K
+7.9%

Summary: Auburn 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 7.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 7.9%.

Median Sold Price Compared To Nearby Cities

Auburn
+18.1%
Dacula-Rocky Creek
+5.1%

Housing Supply in Auburn, GA

How many homes are available in Auburn, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130150+15.4%

Summary: The Auburn real estate market had 150 homes for sale in May 2024, a 15.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 01
+100.0%
2 11
0.0%
3 4251
+21.4%
4 3752
+40.5%
5+ 5045
-10.0%

Summary: The Auburn housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Apr 2024May 2024CHANGE
25250.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 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. 47.8% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Auburn in May 2024, the same as the previous month. Of the 23 sold homes, 30% were sold under asking, 48% were sold at asking, and 22% 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

May 2023May 2024CHANGE
36 Days23 Days-34.8%

Summary: Homes in Auburn had an average of 23 days on market in May 2024, down by 34.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

6 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 May 2024, 25 homes were sold in Auburn; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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 13 Days Ago

Newest Listings in Auburn, GA

Nearby Markets to Auburn, GA

What housing markets are near Auburn, GA?