Is Old Fourth Ward, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Old Fourth Ward was a Seller's Market.
Key Takeaway
Old Fourth Ward is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Old Fourth Ward, GA
How much do homes in Old Fourth Ward, GA cost?
Median Sold Price
$445,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Old Fourth Ward have sold for 15.9% more than they did a year ago.
Summary: The median home sold price in Old Fourth Ward was $445,000 in March 2024, up 15.9% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $300K | +7.1% |
| 2 Bedrooms | $380K | $394.5K | +3.8% |
| 3 Bedrooms | $700K | $815K | +16.4% |
| 4 Bedrooms | $1.0M | $1.1M | +4.9% |
| 5+ Bedrooms | $1.3M | $1.4M | +5.8% |
Summary: Old Fourth Ward housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.1%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 5.8%.
Housing Supply in Old Fourth Ward, GA
How many homes are available in Old Fourth Ward, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 78 | 106 | +35.9% |
Summary: The Old Fourth Ward real estate market had 106 homes for sale in March 2024, a 35.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 23 | +4.5% |
| 2 Bedrooms | 30 | 42 | +40.0% |
| 3 Bedrooms | 13 | 25 | +92.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Old Fourth Ward housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.5%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 92.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 10 | 16 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Old Fourth Ward, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Old Fourth Ward in March 2024, up by 60.0% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Old Fourth Ward, GA
How long does it take to sell a home in Old Fourth Ward, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 47 Days | 31 Days | -33.0% |
Summary: Homes in Old Fourth Ward had an average of 31 days on market in Mar 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Old Fourth Ward are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Old Fourth Ward; 63% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.