Is Colbert, 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, Colbert has remained a Seller's Market.
Housing Prices in Colbert, GA
How much do homes in Colbert, GA cost?
Median Sold Price
$330,000
$170/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Colbert was $330,000 in March 2024, up 9.1% from last year, and the median price per square foot was $170.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | - | N/A |
3 Bedrooms | $267K | $294.5K | +10.3% |
4 Bedrooms | $359K | $359K | 0.0% |
5+ Bedrooms | $344.2K | $357K | +3.7% |
Summary: Colbert 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 did not change, 3 bedroom homes increased by 10.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.7%.
Housing Supply in Colbert, GA
How many homes are available in Colbert, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
32 | 47 | +46.9% |
Summary: The Colbert real estate market had 47 homes for sale in March 2024, a 46.9% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 18 | 24 | +33.3% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Colbert 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 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 16 | +300.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Colbert in March 2024, up by 300.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.
Days on Market for Colbert, GA
How long does it take to sell a home in Colbert, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 51 Days | -27.6% |
Summary: Homes in Colbert had an average of 51 days on market in Mar 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 16 homes were sold in Colbert; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.