Is Moreland, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Moreland was a Buyer's Market.
Key Takeaway
Moreland is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Moreland, GA
How much do homes in Moreland, GA cost?
Median Sold Price
$519,990
$195/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Moreland have sold for 35.4% less than they did a month ago.
Summary: The median home sold price in Moreland was $519,990 in March 2024, down 35.4% from last month, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $195K | N/A |
| 3 Bedrooms | - | $409K | N/A |
| 4 Bedrooms | $659K | $519.9K | -21.1% |
| 5+ Bedrooms | $950K | $606.1K | -36.2% |
Summary: Moreland housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 21.1%, and 5+ bedroom homes decreased by 36.2%.
Housing Supply in Moreland, GA
How many homes are available in Moreland, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 24 | 0.0% |
Summary: The Moreland real estate market had 24 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Moreland 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Moreland, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Moreland in March 2024, up by 350.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Moreland, GA
How long does it take to sell a home in Moreland, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 64 Days | +181.2% |
Summary: Homes in Moreland had an average of 64 days on market in Mar 2024, up by 181.2% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Moreland are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Moreland; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
