Is Paces, 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, Paces was a Seller's Market.
Key Takeaway
Paces is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Paces, GA
How much do homes in Paces, GA cost?
Median Sold Price
$635,000
$275/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Paces have sold for 54.6% less than they did a month ago.
Summary: The median home sold price in Paces was $635,000 in April 2024, down 54.6% from last month, and the median price per square foot was $275.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $230K | N/A |
| 2 Bedrooms | $318.2K | $310K | -2.6% |
| 3 Bedrooms | $737.5K | - | N/A |
| 4 Bedrooms | $1.6M | $1.1M | -28.4% |
| 5+ Bedrooms | $2.3M | - | N/A |
Summary: Paces housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.6%, 3 bedroom homes did not change, 4 bedroom homes decreased by 28.4%, and 5+ bedroom homes did not change.
Housing Supply in Paces, GA
How many homes are available in Paces, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 33 | 31 | -6.1% |
Summary: The Paces real estate market had 31 homes for sale in April 2024, a 6.1% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 4 | 1 | -75.0% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 15 | 14 | -6.7% |
Summary: The Paces housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 75%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 6.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 4 | -63.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Paces, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Paces in April 2024, down by 63.6% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Paces, GA
How long does it take to sell a home in Paces, GA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 Days | 45 Days | +164.8% |
Summary: Homes in Paces had an average of 45 days on market in Apr 2024, up by 164.8% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Paces are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Paces; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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