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 August 2022

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

How much do homes in Conley, GA cost?

Median Sold Price

$230,000

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

-$8,000(-3.4%)

Key Takeaway

Homes in Conley have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Conley was $230,000 in August 2023, down 3.4% from last year, and the median price per square foot was $140.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
N/A
2 $68K$70K
+2.9%
3 $201K$207.5K
+3.2%
4 $272K$300K
+10.3%
5+ $389.4K$412K
+5.8%

Summary: Conley housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Forest Park
+11.4%
Forest Park-Morrow
+4.0%
Ellenwood
+1.7%
Atlanta-Decatur
+0.6%
Conley
-3.4%

Housing Supply

How many homes are available in Conley, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
3944+12.8%

Summary: The Conley real estate market had 44 homes for sale in August 2023, a 12.8% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 32
-33.3%
3 1719
+11.8%
4 1216
+33.3%
5+ 77
0.0%

Summary: The Conley housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
880.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Conley, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Conley in August 2023, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
11 Days31 Days+181.8%

Summary: Homes in Conley had an average of 31 days on market in Aug 2023, up by 181.8% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Conley are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 8 homes were sold in Conley; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

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Nearby Markets

What housing markets are near Conley, GA?