Is Locust Grove, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Locust Grove was a Seller's Market.
Housing Prices in Locust Grove, GA
How much do homes in Locust Grove, GA cost?
Median Sold Price
$350,022
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Locust Grove was $350,022 in June 2024, up 0.2% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $184.2K | $185K | 0.4% |
3 Bedrooms | $277K | $282K | +1.8% |
4 Bedrooms | $365K | $355.9K | -2.5% |
5+ Bedrooms | $490.2K | $460K | -6.2% |
Summary: Locust Grove housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
Locust Grove | $349.2K | $350K | 0.2% |
Jenkinsburg | $250K | $244K | -2.4% |
Housing Supply in Locust Grove, GA
How many homes are available in Locust Grove, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
293 | 322 | +9.9% |
Summary: The Locust Grove real estate market had 322 homes for sale in June 2024, a 9.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 4 | +300.0% |
3 Bedrooms | 94 | 99 | +5.3% |
4 Bedrooms | 111 | 122 | +9.9% |
5+ Bedrooms | 87 | 97 | +11.5% |
Summary: The Locust Grove housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
57 | 52 | -8.8% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Locust Grove in June 2024, down by 8.8% month-over-month. Of the 46 sold homes, 41% were sold under asking, 46% were sold at asking, and 13% were sold over asking.
Days on Market for Locust Grove, GA
How long does it take to sell a home in Locust Grove, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
40 Days | 43 Days | +9.9% |
Summary: Homes in Locust Grove had an average of 43 days on market in Jun 2024, up by 9.9% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Locust Grove; 54% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.