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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milledgeville is a seller's market

Buyer's
Market

Difference Since May 2021

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

Key Takeaway

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

How much do homes in Milledgeville, GA cost?

Median Sold Price

$147,750

$90/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

-$3,750(-2.5%)

Key Takeaway

Homes in Milledgeville have sold for 2.5% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 -$21.5K
N/A
2 $104K$78.2K
-24.8%
3 $129.7K$144.5K
+11.4%
4 $182.7K$172.5K
-5.6%
5+ $194.5K$234K
+20.3%

Median Sold Price Compared To Nearby Cities

Milledgeville
-2.5%
East Baldwin
-8.5%

How many homes are available in Milledgeville, GA?

Number of Homes For Sale

Apr 2022May 2022%
3537+5.7%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 22
0.0%
2 44
0.0%
3 1418
+28.6%
4 108
-20.0%
5+ 55
0.0%

Number of Homes Sold

Apr 2022May 2022%
880.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milledgeville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
36 Days27 Days-26.4%

Breakdown of Home Sale Times

6 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 Milledgeville are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Milledgeville, GA

Homes for sale in Milledgeville, GA have reached 37. In May 2022 in Milledgeville, GA there were 5.7% more homes for sale than in April 2022. Listings spent 27 days on the market in May 2022, and had a median list price of $147,750 during the same period. Listing prices have changed in this real estate market between April 2022 and May 2022: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties became 24.8% more cheaper, 3 bedrooms properties prices increased by 11.4%, prices of 4 bedrooms properties decreased by 5.6%, the cost of 5 bedrooms properties went up by 20.3%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes stayed the same, volume of 3 bedrooms homes went up by 28.6%, 4 bedrooms homes inventory decreased by 20%, the quantity of 5 bedrooms homes have not changed. In May 2022, from all listings sold in Milledgeville, GA there were more than 1 sold above asking price, over 4 sold below and more than 2 were sold right at the asked price.

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