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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bowdon is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Bowdon, GA cost?

Median Sold Price

$228,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

+$30,500(+15.4%)

Key Takeaway

Homes in Bowdon have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Bowdon was $228,000 in August 2023, up 15.4% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
N/A
2 $143K$157.5K
+10.1%
3 $197.5K$228K
+15.4%
4 $221K$225K
+1.8%
5+ $475K$360K
-24.2%

Summary: Bowdon housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 24.2%.

Housing Supply

How many homes are available in Bowdon, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
1219+58.3%

Summary: The Bowdon real estate market had 19 homes for sale in August 2023, a 58.3% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 01
+100.0%
2 11
0.0%
3 1014
+40.0%
4 01
+100.0%
5+ 12
+100.0%

Summary: The Bowdon housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 40%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was 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. 75% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Bowdon in August 2023, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
31 Days25 Days-18.9%

Summary: Homes in Bowdon had an average of 25 days on market in Aug 2023, down by 18.9% compared to last year.

Breakdown of Home Sale Times

3 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 August 2023, 5 homes were sold in Bowdon; 60% of homes were sold within 30 days, 40% 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 22 Days Ago

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