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 November 2022

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

$549,450

$214/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$62,413(+12.8%)

Key Takeaway

Homes in Peachtree City have sold for 12.8% more than they did a year ago.

Summary: The median home sold price in Peachtree City was $549,450 in November 2023, up 12.8% from last year, and the median price per square foot was $214.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 --
N/A
2 $275K$366K
+33.1%
3 $372K$445K
+19.6%
4 $527K$560K
+6.3%
5+ $675K$754.9K
+11.8%

Summary: Peachtree City housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.1%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 11.8%.

Median Sold Price Compared To Nearby Cities

Senoia
+21.5%
Peachtree City-Tyrone
+13.0%
Peachtree City
+12.8%
Tyrone
+10.2%

Housing Supply in Peachtree City, GA

How many homes are available in Peachtree City, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
126142+12.7%

Summary: The Peachtree City real estate market had 142 homes for sale in November 2023, a 12.7% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 00
0.0%
2 1817
-5.6%
3 4246
+9.5%
4 3852
+36.8%
5+ 2827
-3.6%

Summary: The Peachtree City housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes decreased by 3.6%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
3237+15.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Peachtree City in November 2023, up by 15.6% month-over-month. Of the 34 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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

Nov 2022Nov 2023CHANGE
20 Days21 Days+4.1%

Summary: Homes in Peachtree City had an average of 21 days on market in Nov 2023, up by 4.1% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 November 2023, 37 homes were sold in Peachtree City; 81% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 3% 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 3 Days Ago

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