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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bowdon is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Bowdon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Bowdon, GA

How much do homes in Bowdon, GA cost?

Median Sold Price

$251,700

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,700(+11.9%)

Key Takeaway

Homes in Bowdon have sold for 11.9% more than they did a year ago.

Summary: The median home sold price in Bowdon was $251,700 in October 2024, up 11.9% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $89.9K$38K
-57.7%
2 $170K$200K
+17.6%
3 $228K$212.5K
-6.8%
4 $228.9K$334.9K
+46.3%
5+ $445K$542K
+21.8%

Summary: Bowdon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 57.7%, 2 bedroom homes increased by 17.6%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes increased by 21.8%.

Housing Supply in Bowdon, GA

How many homes are available in Bowdon, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2635+34.6%

Summary: The Bowdon real estate market had 35 homes for sale in October 2024, a 34.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 32
-33.3%
3 1423
+64.3%
4 77
0.0%
5+ 12
+100.0%

Summary: The Bowdon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 64.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
94-55.6%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bowdon, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Bowdon in October 2024, down by 55.6% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Bowdon, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days28 Days-19.3%

Summary: Homes in Bowdon had an average of 28 days on market in Oct 2024, down by 19.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 4 homes were sold in Bowdon; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

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