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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Griffin is a seller's market

Buyer's
Market

Difference Since May 2022

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

Key Takeaway

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

How much do homes in Griffin, GA cost?

Median Sold Price

$235,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$31,083(+15.2%)

Key Takeaway

Homes in Griffin have sold for 15.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $92K$95K
+3.3%
2 $122.9K$160K
+30.2%
3 $185K$215.3K
+16.4%
4 $275K$300K
+9.1%
5+ $356.3K$400.4K
+12.4%

Median Sold Price Compared To Nearby Cities

Griffin
+15.2%
Rover
+14.5%

How many homes are available in Griffin, GA?

Number of Homes For Sale

Apr 2023May 2023%
312351+12.5%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 45
+25.0%
2 4854
+12.5%
3 148157
+6.1%
4 83100
+20.5%
5+ 2935
+20.7%

Number of Homes Sold

Apr 2023May 2023%
7088+25.7%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Griffin, you may be able to get a good deal. 44.6% of homes here sold below asking price last month.

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

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

Average Sale Time

May 2022May 2023%
13 Days39 Days+182.8%

Breakdown of Home Sale Times

53 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

What housing markets are near Griffin, GA?

About Griffin, GA

There are 351 homes are for sale in Griffin, GA real estate market. In May 2023 in Griffin, GA there were 12.5% more homes for sale than in April 2023. While the average time on the market in May 2023 was 39 days, the median list price was $235,000. Between April 2023 and May 2023, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 3.3%, 2 bedrooms properties became 30.2% more expensive, 3 bedrooms properties prices increased by 16.4%, 4 bedrooms properties became 9.1% more expensive, the cost of 5 bedrooms properties went up by 12.4%. Housing inventory have changed in this real estate market: 1 bedroom homes became 25% more available, 2 bedrooms homes became 12.5% more available, volume of 3 bedrooms homes went up by 6.1%, the quantity of 4 bedrooms homes went up by 20.5%, volume of 5 bedrooms homes went up by 20.7%. Griffin, GA housing market in May 2023 saw over 25 listings sold above listed price, more than 21 sold at listed price and over 37 sold below.