Is Flowery Branch, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Flowery Branch is a seller's market

Buyer's
Market

Difference Since August 2022

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

Key Takeaway

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

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

+$500(+0.1%)

Key Takeaway

The sold price of homes in Flowery Branch has remained the same since last year.

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

# BEDSAug 2022Aug 2023CHANGE
1 --
N/A
2 $268.5K$300K
+11.7%
3 $343K$375K
+9.3%
4 $430K$456.2K
+6.1%
5+ $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
+18.2%
Flowery Branch
0.1%

Housing Supply

How many homes are available in Flowery Branch, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
251263+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

# BEDSJul 2023Aug 2023CHANGE
1 01
+100.0%
2 1311
-15.4%
3 8393
+12.0%
4 8497
+15.5%
5+ 7161
-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 2023Aug 2023CHANGE
6954-21.7%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Flowery Branch, you may be able to get a good deal. 56% of homes here sold below asking price last month.

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 2022Aug 2023CHANGE
19 Days27 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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