Is Cave Spring, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cave Spring is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Cave Spring, GA

How much do homes in Cave Spring, GA cost?

Median Sold Price

$230,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$8,262(-3.5%)

Key Takeaway

Homes in Cave Spring have sold for 3.5% less than they did a year ago.

Summary: The median home sold price in Cave Spring was $230,000 in May 2024, down 3.5% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $190K$183K
-3.7%
3 $238K$203K
-14.7%
4 $499K$375K
-24.8%
5+ -$510K
N/A

Summary: Cave Spring housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 14.7%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes did not change.

Housing Supply in Cave Spring, GA

How many homes are available in Cave Spring, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1819+5.6%

Summary: The Cave Spring real estate market had 19 homes for sale in May 2024, a 5.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1211
-8.3%
4 66
0.0%
5+ 01
+100.0%

Summary: The Cave Spring housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
15+400.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cave Spring, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cave Spring in May 2024, up by 400.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Cave Spring, GA

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

Average Sale Time

May 2023May 2024CHANGE
106 Days34 Days-67.3%

Summary: Homes in Cave Spring had an average of 34 days on market in May 2024, down by 67.3% 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 Cave Spring are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 5 homes were sold in Cave Spring; 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 17 Days Ago

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