Is Boynton Ridge, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Ridge is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Boynton Ridge, GA

How much do homes in Boynton Ridge, GA cost?

Median Sold Price

$339,250

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$39,251(+13.1%)

Key Takeaway

Homes in Boynton Ridge have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Boynton Ridge was $339,250 in March 2024, up 13.1% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 -$210K
N/A
2 $170K$265K
+55.9%
3 $270K$310K
+14.8%
4 $370K$483.2K
+30.6%
5+ $500K$577.5K
+15.5%

Summary: Boynton Ridge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 55.9%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 30.6%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Fort Oglethorpe-Lakeview
+16.3%
Boynton Ridge
+13.1%
Ringgold
+9.7%
Fort Oglethorpe
+8.7%
Rossville-Beverly Hills
+5.9%

Housing Supply in Boynton Ridge, GA

How many homes are available in Boynton Ridge, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
8499+17.9%

Summary: The Boynton Ridge real estate market had 99 homes for sale in March 2024, a 17.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 01
+100.0%
2 813
+62.5%
3 3443
+26.5%
4 3433
-2.9%
5+ 89
+12.5%

Summary: The Boynton Ridge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 62.5%, 3 bedroom homes increased by 26.5%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1221+75.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boynton Ridge, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Boynton Ridge in March 2024, up by 75.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% were sold over asking.

Days on Market for Boynton Ridge, GA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
65 Days10 Days-83.8%

Summary: Homes in Boynton Ridge had an average of 10 days on market in Mar 2024, down by 83.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 21 homes were sold in Boynton Ridge; 10% of homes were sold within 30 days, 0% 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 24 Days Ago

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