Is Bishop, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bishop has remained a Seller's Market.
Housing Prices in Bishop, GA
How much do homes in Bishop, GA cost?
Median Sold Price
$560,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bishop was $560,000 in June 2024, down 8.2% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $245K | -16.9% |
3 Bedrooms | $389.9K | $402K | +3.1% |
4 Bedrooms | $600K | $643K | +7.2% |
5+ Bedrooms | $717.6K | $745K | +3.8% |
Summary: Bishop 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 decreased by 16.9%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in Bishop, GA
How many homes are available in Bishop, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
51 | 52 | +2.0% |
Summary: The Bishop real estate market had 52 homes for sale in June 2024, a 2.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 2 | -33.3% |
3 Bedrooms | 16 | 17 | +6.3% |
4 Bedrooms | 25 | 27 | +8.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Bishop 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 decreased by 33.3%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 8%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 10 | -33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Bishop in June 2024, down by 33.3% month-over-month. Of the 10 sold homes, 40% were sold under asking, 30% were sold at asking, and 30% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 21 Days | -4.5% |
Summary: Homes in Bishop had an average of 21 days on market in Jun 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Bishop; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.