Is Fort Oglethorpe, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Fort Oglethorpe is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Fort Oglethorpe has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Fort Oglethorpe, GA

How much do homes in Fort Oglethorpe, GA cost?

Median Sold Price

$265,000

$175/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$21,250(+8.7%)

Key Takeaway

Homes in Fort Oglethorpe have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Fort Oglethorpe was $265,000 in March 2024, up 8.7% from last year, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $220K$260K
+18.2%
3 $248.5K$255K
+2.6%
4 $310K$320K
+3.2%
5+ $308K$485K
+57.5%

Summary: Fort Oglethorpe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 57.5%.

Median Sold Price Compared To Nearby Cities

Fort Oglethorpe-Lakeview
+16.3%
Boynton Ridge
+13.1%
Fort Oglethorpe
+8.7%
Rossville-Beverly Hills
+5.9%

Housing Supply in Fort Oglethorpe, GA

How many homes are available in Fort Oglethorpe, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4537-17.8%

Summary: The Fort Oglethorpe real estate market had 37 homes for sale in March 2024, a 17.8% decrease compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 2720
-25.9%
4 77
0.0%
5+ 11
0.0%

Summary: The Fort Oglethorpe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 25.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Fort Oglethorpe, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Fort Oglethorpe in March 2024, up by 7.1% month-over-month. Of the 15 sold homes, 53% were sold under asking, 7% were sold at asking, and 40% were sold over asking.

Days on Market for Fort Oglethorpe, GA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
6 Days33 Days+426.3%

Summary: Homes in Fort Oglethorpe had an average of 33 days on market in Mar 2024, up by 426.3% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Fort Oglethorpe are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 15 homes were sold in Fort Oglethorpe; 13% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% 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 19 Days Ago

Newest Listings in Fort Oglethorpe, GA

Nearby Markets to Fort Oglethorpe, GA

What housing markets are near Fort Oglethorpe, GA?