Is Gray-Macon East, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gray-Macon East is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Gray-Macon East has remained a Seller's Market.

Key Takeaway

Gray-Macon East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gray-Macon East, GA

How much do homes in Gray-Macon East, GA cost?

Median Sold Price

$240,000

$134/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$450(-0.2%)

Key Takeaway

The sold price of homes in Gray-Macon East has remained the same since last year.

Summary: The median home sold price in Gray-Macon East was $240,000 in September 2024, down 0.2% from last year, and the median price per square foot was $134.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $113K$141.5K
+25.2%
2 $29.9K$145K
+384.9%
3 $200K$223K
+11.5%
4 $280.5K$287.8K
+2.6%
5+ $337K$384.9K
+14.2%

Summary: Gray-Macon East housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 384.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 14.2%.

Median Sold Price Compared To Nearby Cities

Macon
+8.0%
Gray
+3.7%
Gray-Macon East
-0.2%
Round Oak
-40.9%

Housing Supply in Gray-Macon East, GA

How many homes are available in Gray-Macon East, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
100111+11.0%

Summary: The Gray-Macon East real estate market had 111 homes for sale in September 2024, a 11.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 01
+100.0%
2 33
0.0%
3 4542
-6.7%
4 3745
+21.6%
5+ 1520
+33.3%

Summary: The Gray-Macon East housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 6.7%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1524+60.0%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gray-Macon East, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Gray-Macon East in September 2024, up by 60.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.

Days on Market for Gray-Macon East, GA

How long does it take to sell a home in Gray-Macon East, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
19 Days42 Days+118.5%

Summary: Homes in Gray-Macon East had an average of 42 days on market in Sep 2024, up by 118.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gray-Macon East are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 24 homes were sold in Gray-Macon East; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% 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 Sep 1, 2024

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