Is Flowery Branch, 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, 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 in Flowery Branch, GA
How much do homes in Flowery Branch, GA cost?
Median Sold Price
$426,573
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Flowery Branch have sold for 1% less than they did a year ago.
Summary: The median home sold price in Flowery Branch was $426,573 in March 2024, down 1% 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 | - | $260K | N/A |
| 2 Bedrooms | $280K | $300K | +7.1% |
| 3 Bedrooms | $372.5K | $375K | +0.7% |
| 4 Bedrooms | $455K | $469.5K | +3.2% |
| 5+ Bedrooms | $570K | $607.5K | +6.6% |
Summary: Flowery Branch housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Oakwood | $289.9K | $324.9K | +12.1% |
| Flowery Branch | $431K | $426.5K | -1.0% |
Housing Supply in Flowery Branch, GA
How many homes are available in Flowery Branch, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 195 | 223 | +14.4% |
Summary: The Flowery Branch real estate market had 223 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 2 | +100.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 68 | 65 | -4.4% |
| 4 Bedrooms | 62 | 97 | +56.5% |
| 5+ Bedrooms | 61 | 55 | -9.8% |
Summary: The Flowery Branch housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 56.5%, and 5+ bedroom homes decreased by 9.8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 35 | 42 | +20.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Flowery Branch, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Flowery Branch in March 2024, up by 20.0% month-over-month. Of the 37 sold homes, 57% were sold under asking, 24% were sold at asking, and 19% were sold over asking.
Days on Market for Flowery Branch, GA
How long does it take to sell a home in Flowery Branch, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 28 Days | -41.7% |
Summary: Homes in Flowery Branch had an average of 28 days on market in Mar 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Flowery Branch are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 42 homes were sold in Flowery Branch; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 10% 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.