Is Folkston, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Folkston was a Neutral Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $140.2K | $215K | +53.3% |
3 Bedrooms | $195.2K | $200K | +2.4% |
4 Bedrooms | - | $257K | N/A |
5+ Bedrooms | $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 2024 | Feb 2024 | CHANGE |
---|---|---|
19 | 21 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 3 | 2 | -33.3% |
5+ Bedrooms | 2 | 2 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 4 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
45 Days | 89 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
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.