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 June 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

$430,571

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$696(+0.2%)

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 $430,571 in June 2024, up 0.2% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$215K
N/A
2 $300K$295K
-1.7%
3 $375K$376K
0.3%
4 $465K$463.3K
-0.4%
5+ $598.8K$594K
-0.8%

Summary: Flowery Branch housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 0.4%, and 5+ bedroom homes decreased by 0.8%.

Median Sold Price Compared To Nearby Cities

Oakwood
+11.6%
Flowery Branch
0.2%

Housing Supply in Flowery Branch, GA

How many homes are available in Flowery Branch, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
266269+1.1%

Summary: The Flowery Branch real estate market had 269 homes for sale in June 2024, a 1.1% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 31
-66.7%
2 2315
-34.8%
3 6879
+16.2%
4 116120
+3.4%
5+ 5654
-3.6%

Summary: The Flowery Branch housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes decreased by 34.8%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

May 2024Jun 2024CHANGE
6656-15.2%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

16 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. 34.6% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Flowery Branch in June 2024, down by 15.2% month-over-month. Of the 52 sold homes, 35% were sold under asking, 35% were sold at asking, and 31% 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

Jun 2023Jun 2024CHANGE
17 Days38 Days+122.0%

Summary: Homes in Flowery Branch had an average of 38 days on market in Jun 2024, up by 122% compared to last year.

Breakdown of Home Sale Times

39 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 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 June 2024, 56 homes were sold in Flowery Branch; 70% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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 24 Days Ago

Newest Listings in Flowery Branch, GA

Nearby Markets to Flowery Branch, GA