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 neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Blacks Mill was a Seller's Market.

Key Takeaway

Blacks Mill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blacks Mill, GA

How much do homes in Blacks Mill, GA cost?

Median Sold Price

$454,248

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,626(+6.7%)

Key Takeaway

Homes in Blacks Mill have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Blacks Mill was $454,248 in May 2024, up 6.7% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $186K$450K
+141.9%
2 $300K$275K
-8.3%
3 $350.6K$371K
+5.8%
4 $477.4K$535K
+12.0%
5+ $569K$827K
+45.3%

Summary: Blacks Mill housing prices by bedroom type for May 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 5.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 45.3%.

Median Sold Price Compared To Nearby Cities

Blacks Mill
+6.7%
Dawsonville
+1.8%
Murrayville
-1.0%

Housing Supply in Blacks Mill, GA

How many homes are available in Blacks Mill, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
133168+26.3%

Summary: The Blacks Mill real estate market had 168 homes for sale in May 2024, a 26.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 4157
+39.0%
4 4351
+18.6%
5+ 4557
+26.7%

Summary: The Blacks Mill 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 decreased by 25%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 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. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Blacks Mill in May 2024, up by 30.0% month-over-month. Of the 24 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% 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

May 2023May 2024CHANGE
38 Days22 Days-40.6%

Summary: Homes in Blacks Mill had an average of 22 days on market in May 2024, down by 40.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 May 2024, 26 homes were sold in Blacks Mill; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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

Newest Listings in Blacks Mill, GA

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