Is Hapeville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
At the same time last year, Hapeville was a Seller's Market.
Key Takeaway
Hapeville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices
How much do homes in Hapeville, GA cost?
Median Sold Price
$305,000
$214/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Hapeville have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Hapeville was $305,000 in August 2023, down 1.5% from last year, and the median price per square foot was $214.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $185K | -7.5% |
| 2 Bedrooms | $235K | $230K | -2.1% |
| 3 Bedrooms | $307.1K | $322.5K | +5.0% |
| 4 Bedrooms | $397K | $399.9K | +0.8% |
| 5+ Bedrooms | $481.9K | $376.5K | -21.9% |
Summary: Hapeville housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 21.9%.
Median Sold Price Compared To Nearby Cities
| East Point | $263.9K | $301.1K | +14.1% |
| Atlanta | $388.7K | $404.8K | +4.1% |
| Hapeville | $309.6K | $305K | -1.5% |
Housing Supply
How many homes are available in Hapeville, GA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Hapeville real estate market had 42 homes for sale in August 2023, a 7.7% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hapeville housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hapeville, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hapeville in August 2023, up by 16.7% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market
How long does it take to sell a home in Hapeville, GA?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 30 Days | 58 Days | +92.9% |
Summary: Homes in Hapeville had an average of 58 days on market in Aug 2023, up by 92.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hapeville has remained consistent over time.
Summary: During August 2023, 7 homes were sold in Hapeville; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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