Is Cherry Log, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cherry Log was a Seller's Market.
Key Takeaway
Cherry Log is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Log, GA
How much do homes in Cherry Log, GA cost?
Median Sold Price
$479,900
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cherry Log have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Cherry Log was $479,900 in March 2024, down 6.8% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $370.2K | $429.9K | +16.1% |
| 3 Bedrooms | $625K | $564.5K | -9.7% |
| 4 Bedrooms | $675K | $845K | +25.2% |
| 5+ Bedrooms | $755K | $900K | +19.2% |
Summary: Cherry Log 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 16.1%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes increased by 25.2%, and 5+ bedroom homes increased by 19.2%.
Median Sold Price Compared To Nearby Cities
| Higdon-Mobile | $452K | $621.3K | +37.5% |
| Epworth | $399.9K | $483K | +20.8% |
| Rich Mountain | $479K | $482.4K | +0.7% |
| North Gilmer | $450K | $439.8K | -2.3% |
| Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in Cherry Log, GA
How many homes are available in Cherry Log, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 69 | +38.0% |
Summary: The Cherry Log real estate market had 69 homes for sale in March 2024, a 38.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 15 | +114.3% |
| 3 Bedrooms | 32 | 43 | +34.4% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cherry Log housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 114.3%, 3 bedroom homes increased by 34.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Log, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cherry Log in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Log, GA
How long does it take to sell a home in Cherry Log, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 70 Days | 94 Days | +34.3% |
Summary: Homes in Cherry Log had an average of 94 days on market in Mar 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Cherry Log are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 5 homes were sold in Cherry Log; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% 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.