Is Macedonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Macedonia was a Neutral Market.
Key Takeaway
Macedonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Macedonia, GA
How much do homes in Macedonia, GA cost?
Median Sold Price
$399,500
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Macedonia have sold for 19.3% more than they did a year ago.
Summary: The median home sold price in Macedonia was $399,500 in March 2024, up 19.3% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $400K | +406.3% |
| 2 Bedrooms | $248K | $312.5K | +26.0% |
| 3 Bedrooms | $360K | $425K | +18.1% |
| 4 Bedrooms | $434.5K | $775K | +78.4% |
| 5+ Bedrooms | $1.3M | $925K | -30.2% |
Summary: Macedonia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 406.3%, 2 bedroom homes increased by 26%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 78.4%, and 5+ bedroom homes decreased by 30.2%.
Median Sold Price Compared To Nearby Cities
| Macedonia | $335K | $399.5K | +19.3% |
| Hayesville Township | $355K | $414.9K | +16.9% |
| Sautee Nacoochee | $375K | $385K | +2.7% |
Housing Supply in Macedonia, GA
How many homes are available in Macedonia, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 72 | +18.0% |
Summary: The Macedonia real estate market had 72 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 21 | 24 | +14.3% |
| 3 Bedrooms | 19 | 28 | +47.4% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Macedonia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 47.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macedonia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Macedonia in March 2024, down by 25.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Macedonia, GA
How long does it take to sell a home in Macedonia, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 45 Days | 280 Days | +514.6% |
Summary: Homes in Macedonia had an average of 280 days on market in Mar 2024, up by 514.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Macedonia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 3 homes were sold in Macedonia; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.
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