Is Mc Rae Helena, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Rae Helena is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mc Rae Helena has remained a Seller's Market.

Key Takeaway

Mc Rae Helena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mc Rae Helena, GA

How much do homes in Mc Rae Helena, GA cost?

Median Sold Price

$155,950

$80/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

+$4,950(+3.3%)

Key Takeaway

Homes in Mc Rae Helena have sold for 3.3% more than they did a month ago.

Summary: The median home sold price in Mc Rae Helena was $155,950 in February 2024, up 3.3% from last month, and the median price per square foot was $80.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $140K$211.9K
+51.4%
4 -$105K
N/A
5+ $385K-
N/A

Summary: Mc Rae Helena housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 51.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Mc Rae Helena
+3.3%
McRae-Helena
+3.3%
McRae
-6.5%

Housing Supply in Mc Rae Helena, GA

How many homes are available in Mc Rae Helena, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2218-18.2%

Summary: The Mc Rae Helena real estate market had 18 homes for sale in February 2024, a 18.2% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 11
0.0%
3 128
-33.3%
4 66
0.0%
5+ 33
0.0%

Summary: The Mc Rae Helena housing inventory by bedroom type for February 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
64-33.3%

Asking Price vs. Sold Price

2 Homes Were 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 Mc Rae Helena, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Mc Rae Helena in February 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Mc Rae Helena, GA

How long does it take to sell a home in Mc Rae Helena, GA?

Average Sale Time

Jan 2024Feb 2024CHANGE
103 Days54 Days-46.8%

Summary: Homes in Mc Rae Helena had an average of 54 days on market in Feb 2024, down by 46.8% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mc Rae Helena are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 4 homes were sold in Mc Rae Helena; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Mc Rae Helena, GA

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