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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Auburn has remained a Seller's Market.

Key Takeaway

Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Auburn, GA

How much do homes in Auburn, GA cost?

Median Sold Price

$400,000

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$40,002(+11.1%)

Key Takeaway

Homes in Auburn have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Auburn was $400,000 in September 2024, up 11.1% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $234K$230K
-1.7%
3 $318K$330K
+3.8%
4 $425K$430K
+1.2%
5+ $517.3K$560K
+8.2%

Summary: Auburn housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes increased by 8.2%.

Median Sold Price Compared To Nearby Cities

Auburn
+11.1%
Dacula-Rocky Creek
+8.5%

Housing Supply in Auburn, GA

How many homes are available in Auburn, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
151160+6.0%

Summary: The Auburn real estate market had 160 homes for sale in September 2024, a 6.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 4852
+8.3%
4 6160
-1.6%
5+ 4247
+11.9%

Summary: The Auburn housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 11.9%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
3031+3.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 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, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Auburn in September 2024, up by 3.3% month-over-month. Of the 30 sold homes, 60% were sold under asking, 23% were sold at asking, and 17% 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

Sep 2023Sep 2024CHANGE
41 Days32 Days-21.4%

Summary: Homes in Auburn had an average of 32 days on market in Sep 2024, down by 21.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 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 September 2024, 31 homes were sold in Auburn; 55% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 6% 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 Sep 1, 2024

Newest Listings in Auburn, GA

Nearby Markets to Auburn, GA

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