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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Moreland is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Moreland has remained a Seller'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

$569,900

$190/sqft

Based on all homes sold in May 2024.

Difference Since Last Month

+$67,403(+13.4%)

Key Takeaway

Homes in Moreland have sold for 13.4% more than they did a month ago.

Summary: The median home sold price in Moreland was $569,900 in May 2024, up 13.4% from last month, and the median price per square foot was $190.

Median Sold Price By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 --
N/A
2 --
N/A
3 $341K$369.9K
+8.5%
4 $504.9K$573.4K
+13.6%
5+ $604.9K$589.9K
-2.5%

Summary: Moreland housing prices by bedroom type for May 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 increased by 8.5%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 2.5%.

Housing Supply in Moreland, GA

How many homes are available in Moreland, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2527+8.0%

Summary: The Moreland real estate market had 27 homes for sale in May 2024, a 8.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 00
0.0%
3 810
+25.0%
4 1515
0.0%
5+ 22
0.0%

Summary: The Moreland housing inventory by bedroom type for May 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 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
69+50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

7 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Moreland, expect to pay close to the asking price. 87.5% of homes here sold near the asking price last month.

Summary: A total of 9 homes were sold or pending in Moreland in May 2024, up by 50.0% month-over-month. Of the 8 sold homes, 13% were sold under asking, 88% were sold at asking, and 0% 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

Apr 2024May 2024CHANGE
31 Days32 Days+2.3%

Summary: Homes in Moreland had an average of 32 days on market in May 2024, up by 2.3% compared to last month.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 9 homes were sold in Moreland; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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 13 Days Ago

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