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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Emerson is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Emerson has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Emerson, GA

How much do homes in Emerson, GA cost?

Median Sold Price

$270,000

$241/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

-$1,715,000(-86.4%)

Key Takeaway

Homes in Emerson have sold for 86.4% less than they did a month ago.

Summary: The median home sold price in Emerson was $270,000 in May 2024, down 86.4% from last month, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $370K$257.5K
-30.4%
4 -$778.7K
N/A
5+ $3.6M-
N/A

Summary: Emerson housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 30.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Emerson, GA

How many homes are available in Emerson, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1011+10.0%

Summary: The Emerson real estate market had 11 homes for sale in May 2024, a 10.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 02
+100.0%
3 32
-33.3%
4 22
0.0%
5+ 55
0.0%

Summary: The Emerson 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 100%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
23+50.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Emerson, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Emerson in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.

Days on Market for Emerson, GA

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

Average Sale Time

Apr 2024May 2024CHANGE
55 Days71 Days+29.1%

Summary: Homes in Emerson had an average of 71 days on market in May 2024, up by 29.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 3 homes were sold in Emerson; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% 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 12 Days Ago

Newest Listings in Emerson, GA

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What housing markets are near Emerson, GA?