Is Reed Creek, 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, Reed Creek was a Buyer's Market.
Housing Prices in Reed Creek, GA
How much do homes in Reed Creek, GA cost?
Median Sold Price
$382,950
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Reed Creek was $382,950 in March 2024, up 2.1% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $249K | $315K | +26.5% |
3 Bedrooms | $310.9K | $289K | -7.1% |
4 Bedrooms | $374K | $815K | +117.9% |
5+ Bedrooms | $1.0M | $1.1M | +9.4% |
Summary: Reed Creek 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 increased by 26.5%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 117.9%, and 5+ bedroom homes increased by 9.4%.
Housing Supply in Reed Creek, GA
How many homes are available in Reed Creek, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
64 | 65 | +1.6% |
Summary: The Reed Creek real estate market had 65 homes for sale in March 2024, a 1.6% 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 | 7 | 11 | +57.1% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 20 | 20 | 0.0% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Reed Creek 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 57.1%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 17 | +70.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Reed Creek in March 2024, up by 70.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 27% were sold at asking, and 7% were sold over asking.
Days on Market for Reed Creek, GA
How long does it take to sell a home in Reed Creek, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 41 Days | -34.4% |
Summary: Homes in Reed Creek had an average of 41 days on market in Mar 2024, down by 34.4% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Reed Creek; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.