Is Demorest, 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, Demorest has remained a Seller's Market.
Key Takeaway
Demorest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Demorest, GA
How much do homes in Demorest, GA cost?
Median Sold Price
$300,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Demorest has remained the same since last year.
Summary: The median home sold price in Demorest was $300,000 in March 2024, up 0.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $207K | +1.0% |
| 2 Bedrooms | $181K | $205.5K | +13.5% |
| 3 Bedrooms | $250K | $300K | +20.0% |
| 4 Bedrooms | $385.3K | $364K | -5.5% |
| 5+ Bedrooms | $415K | $560K | +34.9% |
Summary: Demorest housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 34.9%.
Housing Supply in Demorest, GA
How many homes are available in Demorest, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Demorest real estate market had 34 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 18 | 15 | -16.7% |
| 4 Bedrooms | 6 | 10 | +66.7% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Demorest 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 decreased by 16.7%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 7 | -30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Demorest, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Demorest in March 2024, down by 30.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.
Days on Market for Demorest, GA
How long does it take to sell a home in Demorest, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 19 Days | -74.4% |
Summary: Homes in Demorest had an average of 19 days on market in Mar 2024, down by 74.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Demorest are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Demorest; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.