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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Conley is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Conley has remained a Seller's Market.

Key Takeaway

Conley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Conley, GA

How much do homes in Conley, GA cost?

Median Sold Price

$240,000

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$15,000(+6.7%)

Key Takeaway

Homes in Conley have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Conley was $240,000 in September 2024, up 6.7% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $70K$70.2K
0.4%
3 $205K$220K
+7.3%
4 $300K$299K
-0.3%
5+ $349.9K$365.3K
+4.4%

Summary: Conley housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 7.3%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 4.4%.

Median Sold Price Compared To Nearby Cities

Conley
+6.7%
Atlanta-Decatur
+1.8%
Ellenwood
+1.4%
Forest Park-Morrow
-0.3%
Forest Park
-3.0%

Housing Supply in Conley, GA

How many homes are available in Conley, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
6054-10.0%

Summary: The Conley real estate market had 54 homes for sale in September 2024, a 10.0% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 108
-20.0%
3 2111
-47.6%
4 1720
+17.6%
5+ 1215
+25.0%

Summary: The Conley housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 47.6%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1810-44.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conley, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 10 homes were sold or pending in Conley in September 2024, down by 44.4% month-over-month. Of the 10 sold homes, 40% were sold under asking, 10% were sold at asking, and 50% were sold over asking.

Days on Market for Conley, GA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
45 Days55 Days+21.8%

Summary: Homes in Conley had an average of 55 days on market in Sep 2024, up by 21.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Conley has remained consistent over time.

Summary: During September 2024, 10 homes were sold in Conley; 20% of homes were sold within 30 days, 70% of homes were sold within 30 to 90 days, and 10% 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 Sep 1, 2024

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