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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensboro is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Greensboro has remained a Buyer's Market.

Key Takeaway

Greensboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Greensboro, GA

How much do homes in Greensboro, GA cost?

Median Sold Price

$682,500

$245/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$280,050(+69.6%)

Key Takeaway

Homes in Greensboro have sold for 69.6% more than they did a year ago.

Summary: The median home sold price in Greensboro was $682,500 in February 2024, up 69.6% from last year, and the median price per square foot was $245.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $240K$364.9K
+52.1%
3 $325K$520.9K
+60.3%
4 $525K$841.2K
+60.2%
5+ $1.5M$2.1M
+39.3%

Summary: Greensboro 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 52.1%, 3 bedroom homes increased by 60.3%, 4 bedroom homes increased by 60.2%, and 5+ bedroom homes increased by 39.3%.

Housing Supply in Greensboro, GA

How many homes are available in Greensboro, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
150165+10.0%

Summary: The Greensboro real estate market had 165 homes for sale in February 2024, a 10.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 1721
+23.5%
3 4945
-8.2%
4 6064
+6.7%
5+ 2435
+45.8%

Summary: The Greensboro 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 23.5%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 45.8%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2221-4.5%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensboro, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Greensboro in February 2024, down by 4.5% month-over-month. Of the 17 sold homes, 71% were sold under asking, 18% were sold at asking, and 12% were sold over asking.

Days on Market for Greensboro, GA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
61 Days69 Days+12.9%

Summary: Homes in Greensboro had an average of 69 days on market in Feb 2024, up by 12.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 21 homes were sold in Greensboro; 19% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 24% 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

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