Is Peachtree City, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Peachtree City is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Peachtree City has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Peachtree City, GA

How much do homes in Peachtree City, GA cost?

Median Sold Price

$550,000

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$50,008(+10.0%)

Key Takeaway

Homes in Peachtree City have sold for 10% more than they did a year ago.

Summary: The median home sold price in Peachtree City was $550,000 in February 2024, up 10% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $291.5K$366K
+25.6%
3 $380K$453.7K
+19.4%
4 $535K$578K
+8.0%
5+ $645K$780K
+20.9%

Summary: Peachtree City housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.6%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 20.9%.

Median Sold Price Compared To Nearby Cities

Senoia
+13.1%
Peachtree City
+10.0%
Peachtree City-Tyrone
+10.0%
Tyrone
+5.7%

Housing Supply in Peachtree City, GA

How many homes are available in Peachtree City, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
119116-2.5%

Summary: The Peachtree City real estate market had 116 homes for sale in February 2024, a 2.5% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 1818
0.0%
3 3530
-14.3%
4 4043
+7.5%
5+ 2524
-4.0%

Summary: The Peachtree City 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 decreased by 14.3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
4028-30.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Peachtree City, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Peachtree City in February 2024, down by 30.0% month-over-month. Of the 27 sold homes, 63% were sold under asking, 15% were sold at asking, and 22% were sold over asking.

Days on Market for Peachtree City, GA

How long does it take to sell a home in Peachtree City, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
37 Days31 Days-17.5%

Summary: Homes in Peachtree City had an average of 31 days on market in Feb 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 28 homes were sold in Peachtree City; 61% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 7% 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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