$3,325 Closing Credit*
$280,000
1,024 SqFt
1 Bed
•1 Full Bath, 1 Partial
Ursula And Associates, Listing Office: IRG Inspire Realty Group
Is Buchanan, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Buchanan has remained a Seller's Market.
Key Takeaway
Buchanan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Buchanan, GA
How much do homes in Buchanan, GA cost?
Median Sold Price
$279,900
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$32,450(+13.1%)
Key Takeaway
Homes in Buchanan have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Buchanan was $279,900 in August 2024, up 13.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $180K | -40.0% |
| 2 Bedrooms | $220K | $277.5K | +26.1% |
| 3 Bedrooms | $245K | $239K | -2.4% |
| 4 Bedrooms | $304K | $305K | 0.3% |
| 5+ Bedrooms | $200K | $342.9K | +71.5% |
Summary: Buchanan housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 26.1%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 71.5%.
Housing Supply in Buchanan, GA
How many homes are available in Buchanan, GA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 33 | 39 | +18.2% |
Summary: The Buchanan real estate market had 39 homes for sale in August 2024, a 18.2% increase compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 17 | 18 | +5.9% |
| 4 Bedrooms | 8 | 14 | +75.0% |
| 5+ Bedrooms | 3 | 1 | -66.7% |
Summary: The Buchanan housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 75%, and 5+ bedroom homes decreased by 66.7%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Buchanan, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Buchanan in August 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Buchanan, GA
How long does it take to sell a home in Buchanan, GA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 21 Days | 23 Days | +11.5% |
Summary: Homes in Buchanan had an average of 23 days on market in Aug 2024, up by 11.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Buchanan are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 7 homes were sold in Buchanan; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.