Is Macon, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
At the same time last year, Macon was a Seller's Market.
Key Takeaway
Macon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Macon, GA
How much do homes in Macon, GA cost?
Median Sold Price
$169,980
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Macon have sold for 74.3% more than they did a year ago.
Summary: The median home sold price in Macon was $169,980 in November 2023, up 74.3% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | $35K | +6.1% |
| 2 Bedrooms | $42.7K | $40.5K | -5.3% |
| 3 Bedrooms | $94.8K | $152.2K | +60.5% |
| 4 Bedrooms | $192K | $245K | +27.6% |
| 5+ Bedrooms | $333.2K | $351K | +5.3% |
Summary: Macon housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 60.5%, 4 bedroom homes increased by 27.6%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
| Macon | $97.5K | $169.9K | +74.3% |
| Macon East | $100K | $119K | +19.0% |
| Macon West | $138.2K | $140.5K | +1.7% |
| Rutland | $275.6K | $267.5K | -3.0% |
Housing Supply in Macon, GA
How many homes are available in Macon, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 728 | 751 | +3.2% |
Summary: The Macon real estate market had 751 homes for sale in November 2023, a 3.2% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 103 | 97 | -5.8% |
| 3 Bedrooms | 329 | 344 | +4.6% |
| 4 Bedrooms | 223 | 226 | +1.3% |
| 5+ Bedrooms | 69 | 79 | +14.5% |
Summary: The Macon housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 127 | 96 | -24.4% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon, you may be able to get a good deal. 56% of homes here sold below asking price last month.
Summary: A total of 96 homes were sold or pending in Macon in November 2023, down by 24.4% month-over-month. Of the 84 sold homes, 56% were sold under asking, 26% were sold at asking, and 18% were sold over asking.
Days on Market for Macon, GA
How long does it take to sell a home in Macon, GA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 27 Days | 35 Days | +30.9% |
Summary: Homes in Macon had an average of 35 days on market in Nov 2023, up by 30.9% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
25 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 96 homes were sold in Macon; 64% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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