Is Chestatee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Chestatee was a Seller's Market.
Key Takeaway
Chestatee is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Chestatee, GA
How much do homes in Chestatee, GA cost?
Median Sold Price
$495,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
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 $495,000 in June 2024, up 0.3% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $299.9K | +9.1% |
| 2 Bedrooms | $244.9K | $290K | +18.4% |
| 3 Bedrooms | $372.5K | $375K | +0.7% |
| 4 Bedrooms | $537.5K | $560K | +4.2% |
| 5+ Bedrooms | $582.5K | $682K | +17.1% |
Summary: Chestatee housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 17.1%.
Median Sold Price Compared To Nearby Cities
| Silver City | $490K | $541.7K | +10.6% |
| Blacks Mill | $420.9K | $464.9K | +10.4% |
| Chestatee | $493.3K | $495K | 0.3% |
| Murrayville | $413.1K | $399.4K | -3.3% |
Housing Supply in Chestatee, GA
How many homes are available in Chestatee, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 140 | 170 | +21.4% |
Summary: The Chestatee real estate market had 170 homes for sale in June 2024, a 21.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 10 | 13 | +30.0% |
| 3 Bedrooms | 38 | 54 | +42.1% |
| 4 Bedrooms | 50 | 55 | +10.0% |
| 5+ Bedrooms | 42 | 47 | +11.9% |
Summary: The Chestatee housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 42.1%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 23 | 26 | +13.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestatee, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Chestatee in June 2024, up by 13.0% month-over-month. Of the 24 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 16 Days | 34 Days | +106.4% |
Summary: Homes in Chestatee had an average of 34 days on market in Jun 2024, up by 106.4% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestatee are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 26 homes were sold in Chestatee; 58% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% 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.