Is Powder Springs, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Powder Springs is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Powder Springs, GA cost?

Median Sold Price

$320,000

$162/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$64,000(+25.0%)

Key Takeaway

Homes in Powder Springs have sold for 25% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $243K-
N/A
2 $185.5K$250K
+34.8%
3 $230K$283.2K
+23.2%
4 $280K$350K
+25.0%
5+ $371.6K$435K
+17.1%

How many homes are available in Powder Springs, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
8492+9.5%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 66
0.0%
3 3839
+2.6%
4 3031
+3.3%
5+ 1016
+60.0%

Number of Homes Sold

Jul 2022Aug 2022%
2128+33.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Powder Springs, you could pay more than the asking price. 42.3% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
17 Days11 Days-34.6%

Breakdown of Home Sale Times

27 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Powder Springs 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 Powder Springs, GA

Homes for sale in Powder Springs, GA have reached 92. The inventory of homes for sale in Powder Springs, GA between July 2022 and August 2022 increased by 9.5%. In August 2022 median list price was $320,000 and the average listing age was 11 days. Between July 2022 and August 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went up by 34.8%, the cost of 3 bedrooms properties went up by 23.2%, 4 bedrooms properties prices increased by 25%, the cost of 5 bedrooms properties went up by 17.1%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, 3 bedrooms homes became 2.6% more available, 4 bedrooms homes became 3.3% more available, number of 5 bedrooms homes increased by 60%. In August 2022 more than 11 listings in Powder Springs, GA were sold above the asking price. During the same period more than 8 listings were sold at asking price, while more than 7 were sold below.