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 neutral's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Flowery Branch was a Seller's Market.

Key Takeaway

Flowery Branch is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Flowery Branch, GA

How much do homes in Flowery Branch, GA cost?

Median Sold Price

$430,000

$190/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$2,000(+0.5%)

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 $430,000 in September 2024, up 0.5% from last year, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $260K$215K
-17.3%
2 $313K$303.5K
-3.0%
3 $373.3K$380K
+1.8%
4 $469K$455K
-3.0%
5+ $602.4K$621K
+3.1%

Summary: Flowery Branch housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.3%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Oakwood
+8.3%
Flowery Branch
0.5%

Housing Supply in Flowery Branch, GA

How many homes are available in Flowery Branch, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
264275+4.2%

Summary: The Flowery Branch real estate market had 275 homes for sale in September 2024, a 4.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 2120
-4.8%
3 8792
+5.7%
4 106105
-0.9%
5+ 5058
+16.0%

Summary: The Flowery Branch housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 16%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
5342-20.8%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 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. 57.1% of homes here sold below asking price last month.

Summary: A total of 42 homes were sold or pending in Flowery Branch in September 2024, down by 20.8% month-over-month. Of the 42 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

Sep 2023Sep 2024CHANGE
33 Days28 Days-15.3%

Summary: Homes in Flowery Branch had an average of 28 days on market in Sep 2024, down by 15.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

17 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 September 2024, 42 homes were sold in Flowery Branch; 57% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 2% 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 26 Days Ago

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