Is Blacks Mill, 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, Blacks Mill has remained a Seller's Market.
Housing Prices in Blacks Mill, GA
How much do homes in Blacks Mill, GA cost?
Median Sold Price
$464,950
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Blacks Mill was $464,950 in June 2024, up 10.4% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186K | $450K | +141.9% |
2 Bedrooms | $300K | $275K | -8.3% |
3 Bedrooms | $350K | $382.4K | +9.3% |
4 Bedrooms | $490K | $527.5K | +7.7% |
5+ Bedrooms | $582K | $805K | +38.3% |
Summary: Blacks Mill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 38.3%.
Median Sold Price Compared To Nearby Cities
Blacks Mill | $420.9K | $464.9K | +10.4% |
Dawsonville | $400.1K | $424.7K | +6.1% |
Murrayville | $413.1K | $399.4K | -3.3% |
Housing Supply in Blacks Mill, GA
How many homes are available in Blacks Mill, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
155 | 170 | +9.7% |
Summary: The Blacks Mill real estate market had 170 homes for sale in June 2024, a 9.7% 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 | 4 | +33.3% |
3 Bedrooms | 56 | 65 | +16.1% |
4 Bedrooms | 45 | 48 | +6.7% |
5+ Bedrooms | 51 | 53 | +3.9% |
Summary: The Blacks Mill 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 increased by 33.3%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 3.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
29 | 32 | +10.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Blacks Mill in June 2024, up by 10.3% month-over-month. Of the 31 sold homes, 52% were sold under asking, 29% were sold at asking, and 19% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 22 Days | -4.4% |
Summary: Homes in Blacks Mill had an average of 22 days on market in Jun 2024, down by 4.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 32 homes were sold in Blacks Mill; 69% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.