Is Blacks Mill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blacks Mill is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in Blacks Mill, GA

How much do homes in Blacks Mill, GA cost?

Median Sold Price

$468,966

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$51,971(+12.5%)

Key Takeaway

Homes in Blacks Mill have sold for 12.5% more than they did a year ago.

Summary: The median home sold price in Blacks Mill was $468,966 in September 2024, up 12.5% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $318K-
N/A
2 $300K$275K
-8.3%
3 $351K$390K
+11.1%
4 $490K$580K
+18.4%
5+ $629K$640K
+1.7%

Summary: Blacks Mill 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 8.3%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 1.7%.

Median Sold Price Compared To Nearby Cities

Blacks Mill
+12.5%
Dawsonville
+4.4%
Murrayville
+3.9%

Housing Supply in Blacks Mill, GA

How many homes are available in Blacks Mill, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
176171-2.8%

Summary: The Blacks Mill real estate market had 171 homes for sale in September 2024, a 2.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 6463
-1.6%
4 5254
+3.8%
5+ 5550
-9.1%

Summary: The Blacks Mill 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 decreased by 20%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4230-28.6%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blacks Mill, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Blacks Mill in September 2024, down by 28.6% month-over-month. Of the 27 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% were sold over asking.

Days on Market for Blacks Mill, GA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
35 Days42 Days+21.0%

Summary: Homes in Blacks Mill had an average of 42 days on market in Sep 2024, up by 21% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 30 homes were sold in Blacks Mill; 60% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 17% 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 30 Days Ago

Newest Listings in Blacks Mill, GA

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