Is McDonough, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, McDonough was a Seller's Market.
Key Takeaway
McDonough is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in McDonough, GA
How much do homes in McDonough, GA cost?
Median Sold Price
$365,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
The sold price of homes in McDonough has remained the same since last year.
Summary: The median home sold price in McDonough was $365,000 in June 2024, the same as last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $206.5K | N/A |
| 2 Bedrooms | $225K | $251.5K | +11.8% |
| 3 Bedrooms | $295.3K | $298.9K | +1.2% |
| 4 Bedrooms | $385K | $372K | -3.4% |
| 5+ Bedrooms | $480.5K | $494.9K | +3.0% |
Summary: McDonough housing prices by bedroom type for June 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 1.2%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 3%.
Housing Supply in McDonough, GA
How many homes are available in McDonough, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 825 | 916 | +11.0% |
Summary: The McDonough real estate market had 916 homes for sale in June 2024, a 11.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 268 | 306 | +14.2% |
| 4 Bedrooms | 305 | 354 | +16.1% |
| 5+ Bedrooms | 227 | 235 | +3.5% |
Summary: The McDonough housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 156 | 151 | -3.2% |
Asking Price vs. Sold Price
62 Homes Were Sold
Under Asking
54 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McDonough, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 151 homes were sold or pending in McDonough in June 2024, down by 3.2% month-over-month. Of the 143 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 33 Days | 42 Days | +26.8% |
Summary: Homes in McDonough had an average of 42 days on market in Jun 2024, up by 26.8% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
18 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McDonough are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 151 homes were sold in McDonough; 54% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.