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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rex is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Rex, GA cost?

Median Sold Price

$221,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$56,000(+33.9%)

Key Takeaway

Homes in Rex have sold for 33.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $154.9K$180K
+16.2%
3 $155K$211.2K
+36.3%
4 $200K$265.5K
+32.8%
5+ $256K$263K
+2.7%

Median Sold Price Compared To Nearby Cities

Rex
+33.9%
Ellenwood
+30.0%
Forest Park-Morrow
+29.7%

How many homes are available in Rex, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
7249-31.9%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 10
-100.0%
3 5832
-44.8%
4 69
+50.0%
5+ 78
+14.3%

Number of Homes Sold

Mar 2022Apr 2022%
3127-12.9%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

16 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rex, you could pay more than the asking price. 84.2% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
9 Days6 Days-26.6%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rex 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 Rex, GA

Number of homes for sale in Rex, GA real estate market have reached 49. Between March 2022 and April 2022, Rex, GA real estate market has seen decrease in the number of listings by 31.9%. Listings spent 6 days on the market in April 2022, and had a median list price of $221,000 during the same period. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties increased by 0%, 2 bedrooms properties became 16.2% more expensive, prices of 3 bedrooms properties increased by 36.3%, prices of 4 bedrooms properties increased by 32.8%, the cost of 5 bedrooms properties went up by 2.7%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, 2 bedrooms homes became 100% less available, 3 bedrooms homes became 44.8% less available, the quantity of 4 bedrooms homes went up by 50%, the quantity of 5 bedrooms homes went up by 14.3%. Over 16 listings were sold over their listed price in April 2022 in Rex, GA. In the same period over 3 listings were sold below the listed price and 0 listings were sold for the listed price.

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