Is Chestatee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Chestatee has remained a Seller's Market.
Housing Prices in Chestatee, GA
How much do homes in Chestatee, GA cost?
Median Sold Price
$494,889
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Chestatee was $494,889 in March 2024, up 5.2% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $299.9K | +9.1% |
2 Bedrooms | $237.5K | $299.9K | +26.3% |
3 Bedrooms | $365K | $376.5K | +3.2% |
4 Bedrooms | $515K | $556K | +8.0% |
5+ Bedrooms | $557.5K | $650K | +16.6% |
Summary: Chestatee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 16.6%.
Median Sold Price Compared To Nearby Cities
Blacks Mill | $424.5K | $456.5K | +7.5% |
Chestatee | $470.4K | $494.8K | +5.2% |
Silver City | $505K | $525.1K | +4.0% |
Murrayville | $399.9K | $400.2K | 0.1% |
Housing Supply in Chestatee, GA
How many homes are available in Chestatee, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
119 | 135 | +13.4% |
Summary: The Chestatee real estate market had 135 homes for sale in March 2024, a 13.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 32 | 38 | +18.8% |
4 Bedrooms | 49 | 56 | +14.3% |
5+ Bedrooms | 30 | 33 | +10.0% |
Summary: The Chestatee 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 remained the same, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 24 | -7.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Chestatee in March 2024, down by 7.7% month-over-month. Of the 24 sold homes, 67% were sold under asking, 13% were sold at asking, and 21% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 35 Days | -33.2% |
Summary: Homes in Chestatee had an average of 35 days on market in Mar 2024, down by 33.2% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Chestatee; 75% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.