Is Phoenix, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Phoenix was a Seller's Market.
Housing Prices in Phoenix, GA
How much do homes in Phoenix, GA cost?
Median Sold Price
$470,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Phoenix was $470,000 in February 2024, up 0.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $105K | +12.9% |
2 Bedrooms | $221K | $264.2K | +19.5% |
3 Bedrooms | $400K | $375K | -6.3% |
4 Bedrooms | $562.9K | $520K | -7.6% |
5+ Bedrooms | $1.4M | $1.6M | +16.1% |
Summary: Phoenix housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 19.5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 16.1%.
Median Sold Price Compared To Nearby Cities
Eatonton | $320K | $405K | +26.6% |
Phoenix | $469K | $470K | 0.2% |
Devereux | $455K | $425K | -6.6% |
Little River | $375K | $350K | -6.7% |
Housing Supply in Phoenix, GA
How many homes are available in Phoenix, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
132 | 140 | +6.1% |
Summary: The Phoenix real estate market had 140 homes for sale in February 2024, a 6.1% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 6 | +500.0% |
2 Bedrooms | 11 | 14 | +27.3% |
3 Bedrooms | 65 | 63 | -3.1% |
4 Bedrooms | 33 | 37 | +12.1% |
5+ Bedrooms | 22 | 20 | -9.1% |
Summary: The Phoenix housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 500%, 2 bedroom homes increased by 27.3%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
24 | 20 | -16.7% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Phoenix in February 2024, down by 16.7% month-over-month. Of the 18 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.
Days on Market for Phoenix, GA
How long does it take to sell a home in Phoenix, GA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
67 Days | 51 Days | -24.1% |
Summary: Homes in Phoenix had an average of 51 days on market in Feb 2024, down by 24.1% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 20 homes were sold in Phoenix; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.