Is Mansfield, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Mansfield, GA

How much do homes in Mansfield, GA cost?

Median Sold Price

$355,750

$176/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$5,750(+1.6%)

Key Takeaway

Homes in Mansfield have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Mansfield was $355,750 in November 2024, up 1.6% from last year, and the median price per square foot was $176.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $249.9K-
N/A
2 $130K$291K
+123.8%
3 $319.9K$294.2K
-8.0%
4 $445K$399.6K
-10.2%
5+ $520.9K$530K
+1.7%

Summary: Mansfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 123.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 1.7%.

Housing Supply in Mansfield, GA

How many homes are available in Mansfield, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4742-10.6%

Summary: The Mansfield real estate market had 42 homes for sale in November 2024, a 10.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 1713
-23.5%
4 2322
-4.3%
5+ 55
0.0%

Summary: The Mansfield housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 23.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
93-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Mansfield in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Mansfield, GA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days73 Days+172.0%

Summary: Homes in Mansfield had an average of 73 days on market in Nov 2024, up by 172% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mansfield has remained consistent over time.

Summary: During November 2024, 3 homes were sold in Mansfield; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% 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 9 Days Ago

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