Is Cherry Log, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cherry Log is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Cherry Log, GA cost?

Median Sold Price

$485,000

$265/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$120,500(+33.1%)

Key Takeaway

Homes in Cherry Log have sold for 33.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $172.2K$340.6K
+97.8%
2 $277.5K$392.5K
+41.4%
3 $385.5K$539.2K
+39.9%
4 $822.5K$796.5K
-3.2%
5+ $894.5K$562.5K
-37.1%

Median Sold Price Compared To Nearby Cities

Epworth
+55.8%
North Gilmer
+33.3%
Cherry Log
+33.1%
Higdon-Mobile
+24.4%
Rich Mountain
+24.2%

How many homes are available in Cherry Log, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
3140+29.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 10
-100.0%
2 1316
+23.1%
3 1120
+81.8%
4 42
-50.0%
5+ 22
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
713+85.7%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cherry Log, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
53 Days30 Days-42.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cherry Log, GA

Homes for sale in Cherry Log, GA have reached 40. The number of listings in Cherry Log, GA increased by 29% between March 2022 and April 2022. In April 2022, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $485,000. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties prices increased by 97.8%, the cost of 2 bedrooms properties went up by 41.4%, 3 bedrooms properties became 39.9% more expensive, 4 bedrooms properties prices decreased by 3.2%, prices of 5 bedrooms properties went down by 37.1%. This housing market inventory have changed: volume of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory increased by 23.1%, volume of 3 bedrooms homes went up by 81.8%, 4 bedrooms homes became 50% less available, the quantity of 5 bedrooms homes have not changed. Over 4 listings were sold over their listed price in April 2022 in Cherry Log, GA. In the same period over 6 listings were sold below the listed price and 3 listings were sold for the listed price.

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