Is Macon East, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Macon East is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Macon East was a Seller's Market.

Key Takeaway

Macon East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Macon East, GA

How much do homes in Macon East, GA cost?

Median Sold Price

$100,000

$71/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$19,000(-16.0%)

Key Takeaway

Homes in Macon East have sold for 16% less than they did a year ago.

Summary: The median home sold price in Macon East was $100,000 in November 2024, down 16% from last year, and the median price per square foot was $71.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $12K$49.9K
+315.8%
2 $45K$49.2K
+9.4%
3 $119K$115K
-3.4%
4 $155K$195K
+25.8%
5+ $245K$139.2K
-43.2%

Summary: Macon East housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 315.8%, 2 bedroom homes increased by 9.4%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 25.8%, and 5+ bedroom homes decreased by 43.2%.

Median Sold Price Compared To Nearby Cities

Macon
+6.4%
Macon West
+5.1%
Gray-Macon East
0.0%
Macon East
-16.0%

Housing Supply in Macon East, GA

How many homes are available in Macon East, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
96103+7.3%

Summary: The Macon East real estate market had 103 homes for sale in November 2024, a 7.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1321
+61.5%
3 5756
-1.8%
4 2021
+5.0%
5+ 44
0.0%

Summary: The Macon East housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 61.5%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1614-12.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Macon East, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Macon East in November 2024, down by 12.5% month-over-month. Of the 14 sold homes, 57% were sold under asking, 36% were sold at asking, and 7% were sold over asking.

Days on Market for Macon East, GA

How long does it take to sell a home in Macon East, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
27 Days64 Days+136.2%

Summary: Homes in Macon East had an average of 64 days on market in Nov 2024, up by 136.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Macon East are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 14 homes were sold in Macon East; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 12 Days Ago

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