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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brooks is a buyer's market

Buyer's
Market

Difference Since April 2023

Since last year, Brooks has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Brooks, GA

How much do homes in Brooks, GA cost?

Median Sold Price

$525,000

$207/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$122,500(+30.4%)

Key Takeaway

Homes in Brooks have sold for 30.4% more than they did a year ago.

Summary: The median home sold price in Brooks was $525,000 in April 2024, up 30.4% from last year, and the median price per square foot was $207.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $75K$412.5K
+450.0%
3 $555K$420K
-24.3%
4 $402.5K$485K
+20.5%
5+ $899.9K$925K
+2.8%

Summary: Brooks housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 450%, 3 bedroom homes decreased by 24.3%, 4 bedroom homes increased by 20.5%, and 5+ bedroom homes increased by 2.8%.

Housing Supply in Brooks, GA

How many homes are available in Brooks, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1615-6.3%

Summary: The Brooks real estate market had 15 homes for sale in April 2024, a 6.3% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 32
-33.3%
4 87
-12.5%
5+ 56
+20.0%

Summary: The Brooks housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

1 Home Was 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 Brooks, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Brooks in April 2024, down by 33.3% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Brooks, GA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
36 Days34 Days-4.2%

Summary: Homes in Brooks had an average of 34 days on market in Apr 2024, down by 4.2% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 2 homes were sold in Brooks; 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 19 Days Ago

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