Is Ball Ground, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ball Ground is a neutral's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Ball Ground was a Buyer's Market.

Key Takeaway

Ball Ground 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 Ball Ground, GA

How much do homes in Ball Ground, GA cost?

Median Sold Price

$431,500

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$31,500(+7.9%)

Key Takeaway

Homes in Ball Ground have sold for 7.9% more than they did a year ago.

Summary: The median home sold price in Ball Ground was $431,500 in November 2023, up 7.9% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $157K-
N/A
2 $307K$268.9K
-12.4%
3 $326.5K$360K
+10.3%
4 $417.5K$515K
+23.4%
5+ $609K$650K
+6.7%

Summary: Ball Ground housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12.4%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes increased by 6.7%.

Housing Supply in Ball Ground, GA

How many homes are available in Ball Ground, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
116137+18.1%

Summary: The Ball Ground real estate market had 137 homes for sale in November 2023, a 18.1% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 22
0.0%
2 36
+100.0%
3 4247
+11.9%
4 3545
+28.6%
5+ 3437
+8.8%

Summary: The Ball Ground housing inventory by bedroom type for November 2023 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 11.9%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 8.8%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
2321-8.7%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ball Ground, you may be able to get a good deal. 68.8% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Ball Ground in November 2023, down by 8.7% month-over-month. Of the 16 sold homes, 69% were sold under asking, 31% were sold at asking, and 0% were sold over asking.

Days on Market for Ball Ground, GA

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

Average Sale Time

Nov 2022Nov 2023CHANGE
30 Days47 Days+55.9%

Summary: Homes in Ball Ground had an average of 47 days on market in Nov 2023, up by 55.9% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 21 homes were sold in Ball Ground; 67% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 24% 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 8 Days Ago

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