Is Redbud, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Redbud was a Neutral Market.
Housing Prices in Redbud, GA
How much do homes in Redbud, GA cost?
Median Sold Price
$297,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Redbud was $297,500 in March 2024, up 6.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | - | N/A |
2 Bedrooms | $260K | $254K | -2.3% |
3 Bedrooms | $265K | $309K | +16.6% |
4 Bedrooms | $380K | $498K | +31.1% |
5+ Bedrooms | $1.6M | $1.2M | -27.1% |
Summary: Redbud housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 31.1%, and 5+ bedroom homes decreased by 27.1%.
Median Sold Price Compared To Nearby Cities
Sugar Valley-Resaca | $249K | $269K | +8.0% |
Redbud | $280K | $297.5K | +6.3% |
Housing Supply in Redbud, GA
How many homes are available in Redbud, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
37 | 45 | +21.6% |
Summary: The Redbud real estate market had 45 homes for sale in March 2024, a 21.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 25 | 29 | +16.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Redbud housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 16%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Redbud in March 2024, up by 20.0% month-over-month. Of the 6 sold homes, 17% were sold under asking, 17% were sold at asking, and 67% were sold over asking.
Days on Market for Redbud, GA
How long does it take to sell a home in Redbud, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
38 Days | 84 Days | +117.2% |
Summary: Homes in Redbud had an average of 84 days on market in Mar 2024, up by 117.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Redbud; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.