Is Good Hope, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Good Hope is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Good Hope was a Buyer's Market.

Key Takeaway

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

Housing Prices in Good Hope, GA

How much do homes in Good Hope, GA cost?

Median Sold Price

$645,000

$257/sqft

Based on all homes sold in April 2024.

Difference Since Last Month

+$320,000(+98.5%)

Key Takeaway

Homes in Good Hope have sold for 98.5% more than they did a month ago.

Summary: The median home sold price in Good Hope was $645,000 in April 2024, up 98.5% from last month, and the median price per square foot was $257.

Median Sold Price By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $325K-
N/A
4 -$692.4K
N/A
5+ -$605K
N/A

Summary: Good Hope housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Good Hope, GA

How many homes are available in Good Hope, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
1619+18.8%

Summary: The Good Hope real estate market had 19 homes for sale in April 2024, a 18.8% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 33
0.0%
4 912
+33.3%
5+ 44
0.0%

Summary: The Good Hope housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
17+600.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Good Hope, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Good Hope in April 2024, up by 600.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.

Days on Market for Good Hope, GA

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

Average Sale Time

Mar 2024Apr 2024CHANGE
2 Days82 Days+4042.9%

Summary: Homes in Good Hope had an average of 82 days on market in Apr 2024, up by 4042.9% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Good Hope are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2024, 7 homes were sold in Good Hope; 29% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 57% 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 9 Days Ago

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