Is North Farm, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, North Farm has remained a Seller's Market.
Key Takeaway
North Farm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Farm, GA
How much do homes in North Farm, GA cost?
Median Sold Price
$700,000
$213/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in North Farm have sold for 15.7% more than they did a month ago.
Summary: The median home sold price in North Farm was $700,000 in March 2024, up 15.7% from last month, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $605K | - | N/A |
| 3 Bedrooms | $740K | $655K | -11.5% |
| 4 Bedrooms | - | $789.4K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: North Farm 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 decreased by 11.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in North Farm, GA
How many homes are available in North Farm, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Summary: The North Farm real estate market had 9 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 2 | 7 | +250.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The North Farm 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 decreased by 100%, 3 bedroom homes increased by 250%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Farm, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in North Farm in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for North Farm, GA
How long does it take to sell a home in North Farm, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 Days | 2 Days | -54.1% |
Summary: Homes in North Farm had an average of 2 days on market in Mar 2024, down by 54.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Farm are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in North Farm; 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.
