Is Flowery Branch, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Flowery Branch has remained a Seller's Market.
Housing Prices
How much do homes in Flowery Branch, GA cost?
Median Sold Price
$428,000
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Summary: The median home sold price in Flowery Branch was $428,000 in August 2023, up 0.1% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $268.5K | $300K | +11.7% |
3 Bedrooms | $343K | $375K | +9.3% |
4 Bedrooms | $430K | $456.2K | +6.1% |
5+ Bedrooms | $520K | $615K | +18.3% |
Summary: Flowery Branch 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 11.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Oakwood | $260K | $307.3K | +18.2% |
Flowery Branch | $427.5K | $428K | 0.1% |
Housing Supply
How many homes are available in Flowery Branch, GA?
Number of Homes For Sale
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
251 | 263 | +4.8% |
Summary: The Flowery Branch real estate market had 263 homes for sale in August 2023, a 4.8% increase compared to July 2023.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 13 | 11 | -15.4% |
3 Bedrooms | 83 | 93 | +12.0% |
4 Bedrooms | 84 | 97 | +15.5% |
5+ Bedrooms | 71 | 61 | -14.1% |
Summary: The Flowery Branch housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes decreased by 14.1%.
Number of Homes Sold
Jul 2023 | Aug 2023 | CHANGE |
---|---|---|
69 | 54 | -21.7% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Flowery Branch in August 2023, down by 21.7% month-over-month. Of the 50 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% were sold over asking.
Days on Market
How long does it take to sell a home in Flowery Branch, GA?
Average Sale Time
Aug 2022 | Aug 2023 | CHANGE |
---|---|---|
19 Days | 27 Days | +38.0% |
Summary: Homes in Flowery Branch had an average of 27 days on market in Aug 2023, up by 38% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During August 2023, 54 homes were sold in Flowery Branch; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.