Is Cochran, 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, Cochran was a Seller's Market.
Key Takeaway
Cochran is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cochran, GA
How much do homes in Cochran, GA cost?
Median Sold Price
$143,500
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cochran have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Cochran was $143,500 in March 2024, down 12.8% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $94.9K | $150K | +58.1% |
| 3 Bedrooms | $162.5K | $139.9K | -13.9% |
| 4 Bedrooms | $229.1K | $179K | -21.9% |
| 5+ Bedrooms | $280K | $320K | +14.3% |
Summary: Cochran 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 58.1%, 3 bedroom homes decreased by 13.9%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes increased by 14.3%.
Housing Supply in Cochran, GA
How many homes are available in Cochran, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Summary: The Cochran real estate market had 24 homes for sale in March 2024, a 14.3% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 18 | 20 | +11.1% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cochran 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 11.1%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cochran, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cochran in March 2024, down by 25.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Cochran, GA
How long does it take to sell a home in Cochran, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 54 Days | 32 Days | -40.7% |
Summary: Homes in Cochran had an average of 32 days on market in Mar 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cochran are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 3 homes were sold in Cochran; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
