Is Mount Airy, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mount Airy is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Mount Airy has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Mount Airy, GA

How much do homes in Mount Airy, GA cost?

Median Sold Price

$302,500

$197/sqft

Based on all homes sold in February 2024.

Difference Since Last Month

-$32,500(-9.7%)

Key Takeaway

Homes in Mount Airy have sold for 9.7% less than they did a month ago.

Summary: The median home sold price in Mount Airy was $302,500 in February 2024, down 9.7% from last month, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 --
N/A
2 --
N/A
3 $352.5K$286.2K
-18.8%
4 $284K-
N/A
5+ -$360K
N/A

Summary: Mount Airy housing prices by bedroom type for February 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 decreased by 18.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Mount Airy, GA

How many homes are available in Mount Airy, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1318+38.5%

Summary: The Mount Airy real estate market had 18 homes for sale in February 2024, a 38.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1012
+20.0%
4 25
+150.0%
5+ 11
0.0%

Summary: The Mount Airy housing inventory by bedroom type for February 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 20%, 4 bedroom homes increased by 150%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 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 Mount Airy, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mount Airy in February 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.

Days on Market for Mount Airy, GA

How long does it take to sell a home in Mount Airy, GA?

Average Sale Time

Jan 2024Feb 2024CHANGE
29 Days31 Days+6.9%

Summary: Homes in Mount Airy had an average of 31 days on market in Feb 2024, up by 6.9% compared to last month.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 5 homes were sold in Mount Airy; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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 28 Days Ago

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