Is McDonough, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$360,812
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in McDonough has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $280K | N/A |
| 2 Bedrooms | $226.5K | $262.5K | +15.9% |
| 3 Bedrooms | $285K | $299.9K | +5.2% |
| 4 Bedrooms | $375K | $375K | 0.0% |
| 5+ Bedrooms | $457.6K | $473K | +3.4% |
Summary: McDonough housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.4%.
Housing Supply in McDonough, GA
How many homes are available in McDonough, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 636 | 760 | +19.5% |
Summary: The McDonough real estate market had 760 homes for sale in March 2024, a 19.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 18 | 22 | +22.2% |
| 3 Bedrooms | 232 | 276 | +19.0% |
| 4 Bedrooms | 223 | 280 | +25.6% |
| 5+ Bedrooms | 163 | 182 | +11.7% |
Summary: The McDonough housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 19%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes increased by 11.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 106 | 125 | +17.9% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McDonough, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in McDonough in March 2024, up by 17.9% month-over-month. Of the 113 sold homes, 44% were sold under asking, 40% were sold at asking, and 16% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 37 Days | -2.6% |
Summary: Homes in McDonough had an average of 37 days on market in Mar 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
76 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
16 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 March 2024, 125 homes were sold in McDonough; 61% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 13% 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.