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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglasville is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Douglasville, GA

How much do homes in Douglasville, GA cost?

Median Sold Price

$325,178

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$6,992(+2.2%)

Key Takeaway

Homes in Douglasville have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Douglasville was $325,178 in May 2024, up 2.2% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $229.5K-
N/A
2 $175K$175K
0.0%
3 $274.5K$275.3K
0.3%
4 $349.9K$350.8K
0.2%
5+ $474.8K$477K
0.5%

Summary: Douglasville housing prices by bedroom type for May 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 0.3%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 0.5%.

Median Sold Price Compared To Nearby Cities

Bill Arp
+2.8%
Douglasville
+2.2%
Douglasville-Lithia Springs
+1.1%
Winston
-0.6%
Lithia Springs
-4.0%

Housing Supply in Douglasville, GA

How many homes are available in Douglasville, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
715821+14.8%

Summary: The Douglasville real estate market had 821 homes for sale in May 2024, a 14.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1519
+26.7%
3 286334
+16.8%
4 281302
+7.5%
5+ 133166
+24.8%

Summary: The Douglasville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.7%, 3 bedroom homes increased by 16.8%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 24.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
156166+6.4%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

56 Homes Were Sold
At Asking

37 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglasville, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 166 homes were sold or pending in Douglasville in May 2024, up by 6.4% month-over-month. Of the 159 sold homes, 42% were sold under asking, 35% were sold at asking, and 23% were sold over asking.

Days on Market for Douglasville, GA

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

Average Sale Time

May 2023May 2024CHANGE
42 Days40 Days-5.3%

Summary: Homes in Douglasville had an average of 40 days on market in May 2024, down by 5.3% compared to last year.

Breakdown of Home Sale Times

93 Homes Were Sold
Under 30 Days

52 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 166 homes were sold in Douglasville; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 13% 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 19 Days Ago

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