Is Folkston, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Folkston is a seller's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Folkston was a Neutral Market.

Key Takeaway

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

Housing Prices in Folkston, GA

How much do homes in Folkston, GA cost?

Median Sold Price

$215,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,000(+10.8%)

Key Takeaway

Homes in Folkston have sold for 10.8% more than they did a year ago.

Summary: The median home sold price in Folkston was $215,000 in February 2024, up 10.8% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $140.2K$215K
+53.3%
3 $195.2K$200K
+2.4%
4 -$257K
N/A
5+ $219.5K$545K
+148.3%

Summary: Folkston housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.3%, 3 bedroom homes increased by 2.4%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 148.3%.

Housing Supply in Folkston, GA

How many homes are available in Folkston, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1921+10.5%

Summary: The Folkston real estate market had 21 homes for sale in February 2024, a 10.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1416
+14.3%
4 32
-33.3%
5+ 22
0.0%

Summary: The Folkston housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 14.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Folkston, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Folkston in February 2024, up by 33.3% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Folkston, GA

How long does it take to sell a home in Folkston, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
45 Days89 Days+96.3%

Summary: Homes in Folkston had an average of 89 days on market in Feb 2024, up by 96.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Folkston has remained consistent over time.

Summary: During February 2024, 4 homes were sold in Folkston; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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

Newest Listings in Folkston, GA

Nearby Markets to Folkston, GA