Is Blue Ridge, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Blue Ridge was a Seller's Market.
Key Takeaway
Blue Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blue Ridge, GA
How much do homes in Blue Ridge, GA cost?
Median Sold Price
$581,694
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Blue Ridge have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $581,694 in April 2024, up 1.4% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $309.5K | $305K | -1.5% |
| 2 Bedrooms | $395K | $395.5K | 0.1% |
| 3 Bedrooms | $535.9K | $600K | +12.0% |
| 4 Bedrooms | $769.9K | $925K | +20.1% |
| 5+ Bedrooms | $1.8M | $1.0M | -42.2% |
Summary: Blue Ridge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 20.1%, and 5+ bedroom homes decreased by 42.2%.
Housing Supply in Blue Ridge, GA
How many homes are available in Blue Ridge, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 355 | 464 | +30.7% |
Summary: The Blue Ridge real estate market had 464 homes for sale in April 2024, a 30.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 56 | 81 | +44.6% |
| 3 Bedrooms | 163 | 210 | +28.8% |
| 4 Bedrooms | 95 | 118 | +24.2% |
| 5+ Bedrooms | 36 | 48 | +33.3% |
Summary: The Blue Ridge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 44.6%, 3 bedroom homes increased by 28.8%, 4 bedroom homes increased by 24.2%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 19 | 22 | +15.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Ridge, you may be able to get a good deal. 85% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Blue Ridge in April 2024, up by 15.8% month-over-month. Of the 20 sold homes, 85% were sold under asking, 10% were sold at asking, and 5% were sold over asking.
Days on Market for Blue Ridge, GA
How long does it take to sell a home in Blue Ridge, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 60 Days | +11.4% |
Summary: Homes in Blue Ridge had an average of 60 days on market in Apr 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Blue Ridge are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Blue Ridge; 41% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 32% of homes were sold over 90 days.
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The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
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