Is Macon, 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, 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
$178,167
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Macon have sold for 62% more than they did a year ago.
Summary: The median home sold price in Macon was $178,167 in March 2024, up 62% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $33K | $38.5K | +16.7% |
| 2 Bedrooms | $40K | $52K | +30.0% |
| 3 Bedrooms | $110K | $163.8K | +49.0% |
| 4 Bedrooms | $202.4K | $250K | +23.5% |
| 5+ Bedrooms | $337.4K | $351K | +4.0% |
Summary: Macon housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 49%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
| Macon | $110K | $178.1K | +62.0% |
| Macon East | $108K | $119.5K | +10.6% |
| Macon West | $135K | $146.5K | +8.6% |
| Rutland | $295.5K | $255K | -13.7% |
Housing Supply in Macon, GA
How many homes are available in Macon, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 708 | 810 | +14.4% |
Summary: The Macon real estate market had 810 homes for sale in March 2024, a 14.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 4 | -33.3% |
| 2 Bedrooms | 95 | 120 | +26.3% |
| 3 Bedrooms | 325 | 381 | +17.2% |
| 4 Bedrooms | 214 | 232 | +8.4% |
| 5+ Bedrooms | 68 | 73 | +7.4% |
Summary: The Macon housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 26.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 113 | 106 | -6.2% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 106 homes were sold or pending in Macon in March 2024, down by 6.2% month-over-month. Of the 96 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 50 Days | 45 Days | -9.9% |
Summary: Homes in Macon had an average of 45 days on market in Mar 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
18 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 March 2024, 106 homes were sold in Macon; 62% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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