Is Blacks Mill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$456,535
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Blacks Mill have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Blacks Mill was $456,535 in March 2024, up 7.5% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $450K | +141.9% |
| 2 Bedrooms | $300K | $234.5K | -21.8% |
| 3 Bedrooms | $350K | $365K | +4.3% |
| 4 Bedrooms | $492.5K | $575K | +16.8% |
| 5+ Bedrooms | $615K | $787.5K | +28.0% |
Summary: Blacks Mill housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.9%, 2 bedroom homes decreased by 21.8%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 28%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $424.5K | $456.5K | +7.5% |
| Dawsonville | $387.5K | $415K | +7.1% |
| Murrayville | $399.9K | $400.2K | 0.1% |
Housing Supply in Blacks Mill, GA
How many homes are available in Blacks Mill, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 108 | 110 | +1.9% |
Summary: The Blacks Mill real estate market had 110 homes for sale in March 2024, a 1.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 50 | 40 | -20.0% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Blacks Mill housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 23 | -14.8% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blacks Mill, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Blacks Mill in March 2024, down by 14.8% month-over-month. Of the 23 sold homes, 65% were sold under asking, 0% were sold at asking, and 35% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 25 Days | -23.5% |
Summary: Homes in Blacks Mill had an average of 25 days on market in Mar 2024, down by 23.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Blacks Mill are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 23 homes were sold in Blacks Mill; 70% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.