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.
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
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
| # 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
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 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
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.
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.