Is Bogart, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bogart is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bogart, GA

How much do homes in Bogart, GA cost?

Median Sold Price

$462,500

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$47,500(+11.4%)

Key Takeaway

Homes in Bogart have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in Bogart was $462,500 in May 2024, up 11.4% from last year, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $385K-
N/A
2 $261.3K$210K
-19.6%
3 $375K$399K
+6.4%
4 $485K$479.8K
-1.1%
5+ $695K$819.9K
+18.0%

Summary: Bogart housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 19.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 18%.

Median Sold Price Compared To Nearby Cities

Bogart
+11.7%
Bogart
+11.4%

Housing Supply in Bogart, GA

How many homes are available in Bogart, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
92101+9.8%

Summary: The Bogart real estate market had 101 homes for sale in May 2024, a 9.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 3335
+6.1%
4 3336
+9.1%
5+ 2526
+4.0%

Summary: The Bogart 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 increased by 300%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 4%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1724+41.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bogart, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Bogart in May 2024, up by 41.2% month-over-month. Of the 22 sold homes, 55% were sold under asking, 32% were sold at asking, and 14% were sold over asking.

Days on Market for Bogart, GA

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

Average Sale Time

May 2023May 2024CHANGE
34 Days24 Days-29.3%

Summary: Homes in Bogart had an average of 24 days on market in May 2024, down by 29.3% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 24 homes were sold in Bogart; 63% of homes were sold within 30 days, 33% 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

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