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

Housing Market Conditions



Gauge showing McDonough is a seller's market


Difference Since May 2023

Since last year, McDonough has remained a Seller's Market.

Key Takeaway

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

Housing Prices in McDonough, GA

How much do homes in McDonough, GA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in McDonough have sold for 1.3% less than they did a year ago.

Summary: The median home sold price in McDonough was $364,305 in May 2024, down 1.3% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$206.5K
2 $225K$251.5K
3 $299K$299.9K
4 $385K$374.3K
5+ $476K$485K

Summary: McDonough housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 1.9%.

Housing Supply in McDonough, GA

How many homes are available in McDonough, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The McDonough real estate market had 907 homes for sale in May 2024, a 16.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
2 2728
3 263304
4 282339
5+ 206235

Summary: The McDonough housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 14.1%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

53 Homes Were Sold
At Asking

34 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McDonough, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 153 homes were sold or pending in McDonough in May 2024, up by 15.9% month-over-month. Of the 145 sold homes, 40% were sold under asking, 37% were sold at asking, and 23% were sold over asking.

Days on Market for McDonough, GA

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

Average Sale Time

May 2023May 2024CHANGE
39 Days45 Days+14.6%

Summary: Homes in McDonough had an average of 45 days on market in May 2024, up by 14.6% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 153 homes were sold in McDonough; 56% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 14% 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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