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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chestatee is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Chestatee was a Seller's Market.

Key Takeaway

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

Housing Prices in Chestatee, GA

How much do homes in Chestatee, GA cost?

Median Sold Price

$490,000

$210/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$375(+0.1%)

Key Takeaway

The sold price of homes in Chestatee has remained the same since last year.

Summary: The median home sold price in Chestatee was $490,000 in May 2024, up 0.1% from last year, and the median price per square foot was $210.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $275K$297.4K
+8.2%
2 $240K$300K
+25.0%
3 $368K$375K
+1.9%
4 $533.7K$552K
+3.4%
5+ $585K$669K
+14.4%

Summary: Chestatee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 14.4%.

Median Sold Price Compared To Nearby Cities

Silver City
+7.3%
Blacks Mill
+6.7%
Chestatee
0.1%
Murrayville
-1.0%

Housing Supply in Chestatee, GA

How many homes are available in Chestatee, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
148147-0.7%

Summary: The Chestatee real estate market had 147 homes for sale in May 2024, a 0.7% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 58
+60.0%
3 3242
+31.3%
4 6852
-23.5%
5+ 4245
+7.1%

Summary: The Chestatee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 7.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE
4820-58.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chestatee, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Chestatee in May 2024, down by 58.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.

Days on Market for Chestatee, GA

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

Average Sale Time

May 2023May 2024CHANGE
34 Days24 Days-29.9%

Summary: Homes in Chestatee had an average of 24 days on market in May 2024, down by 29.9% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 20 homes were sold in Chestatee; 65% of homes were sold within 30 days, 35% 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 12 Days Ago

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