Is Phoenix, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Phoenix is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Phoenix, GA cost?

Median Sold Price

$499,633

$204/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$128,633(+34.7%)

Key Takeaway

Homes in Phoenix have sold for 34.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $234.9K$90K
-61.7%
2 $229.5K$215K
-6.3%
3 $301.2K$400K
+32.8%
4 $434K$549.9K
+26.7%
5+ $810K$1.2M
+60.4%

Median Sold Price Compared To Nearby Cities

Eatonton
+44.1%
Devereux
+37.1%
Phoenix
+34.7%
Little River
+14.1%

How many homes are available in Phoenix, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
8689+3.5%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 10
-100.0%
2 53
-40.0%
3 4045
+12.5%
4 2524
-4.0%
5+ 1517
+13.3%

Number of Homes Sold

Mar 2022Apr 2022%
2227+22.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Phoenix, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
42 Days9 Days-77.9%

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Phoenix, GA

Number of homes for sale in Phoenix, GA real estate market have reached 89. In April 2022 in Phoenix, GA there were 3.5% more homes for sale than in March 2022. In April 2022 median list price was $499,633 and the average listing age was 9 days. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties prices decreased by 61.7%, 2 bedrooms properties became 6.3% more cheaper, 3 bedrooms properties became 32.8% more expensive, prices of 4 bedrooms properties went up by 26.7%, 5 bedrooms properties became 60.4% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went down by 100%, 2 bedrooms homes inventory decreased by 40%, 3 bedrooms homes inventory increased by 12.5%, number of 4 bedrooms homes decreased by 4%, number of 5 bedrooms homes increased by 13.3%. Over 9 listings were sold over their listed price in April 2022 in Phoenix, GA. In the same period over 10 listings were sold below the listed price and 5 listings were sold for the listed price.

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