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

Housing Market Conditions



Gauge showing Bishop is a seller's market


Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bishop, GA

How much do homes in Bishop, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Bishop have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Bishop was $615,000 in May 2024, up 1.7% from last year, and the median price per square foot was $201.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
2 $332.5K$249.9K
3 $356.2K$468K
4 $599K$643K
5+ $717.6K$717K

Summary: Bishop 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 decreased by 24.8%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.1%.

Housing Supply in Bishop, GA

How many homes are available in Bishop, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Bishop real estate market had 52 homes for sale in May 2024, a 30.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 13
3 1413
4 1525
5+ 1011

Summary: The Bishop housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bishop, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Bishop in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.

Days on Market for Bishop, GA

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

Average Sale Time

May 2023May 2024CHANGE
32 Days34 Days+8.5%

Summary: Homes in Bishop had an average of 34 days on market in May 2024, up by 8.5% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Bishop; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 17 Days Ago

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