Is Mineral Bluff, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Bluff is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Mineral Bluff was a Seller's Market.

Key Takeaway

Mineral Bluff is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Mineral Bluff, GA

How much do homes in Mineral Bluff, GA cost?

Median Sold Price

$584,933

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,933(+0.9%)

Key Takeaway

Homes in Mineral Bluff have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Mineral Bluff was $584,933 in March 2024, up 0.9% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $194.9K$400K
+105.2%
2 $392K$425K
+8.4%
3 $589.9K$595K
+0.9%
4 $734.7K$1.0M
+36.1%
5+ $599K$850K
+41.9%

Summary: Mineral Bluff housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 105.2%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 36.1%, and 5+ bedroom homes increased by 41.9%.

Median Sold Price Compared To Nearby Cities

Notla Township
+10.5%
Ivylog
+6.6%
Mineral Bluff
+0.9%

Housing Supply in Mineral Bluff, GA

How many homes are available in Mineral Bluff, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
160186+16.3%

Summary: The Mineral Bluff real estate market had 186 homes for sale in March 2024, a 16.3% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 24
+100.0%
2 1824
+33.3%
3 7581
+8.0%
4 5564
+16.4%
5+ 1013
+30.0%

Summary: The Mineral Bluff housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 30%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
92-77.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Bluff, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Mineral Bluff in March 2024, down by 77.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Mineral Bluff, GA

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

Average Sale Time

Mar 2023Mar 2024CHANGE
51 Days17 Days-66.9%

Summary: Homes in Mineral Bluff had an average of 17 days on market in Mar 2024, down by 66.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 2 homes were sold in Mineral Bluff; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 24 Days Ago

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