Is Rex, 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, Rex was a Seller's Market.
Key Takeaway
Rex is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Rex, GA
How much do homes in Rex, GA cost?
Median Sold Price
$255,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Rex have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Rex was $255,000 in March 2024, down 2.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $278.4K | N/A |
| 3 Bedrooms | $249.9K | $248K | -0.8% |
| 4 Bedrooms | $290K | $291K | 0.3% |
| 5+ Bedrooms | $323.9K | $301.2K | -7.0% |
Summary: Rex 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 did not change, 3 bedroom homes decreased by 0.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 7%.
Median Sold Price Compared To Nearby Cities
| Forest Park-Morrow | $231.3K | $232.2K | 0.4% |
| Ellenwood | $305K | $300K | -1.6% |
| Rex | $262K | $255K | -2.7% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 105 | +19.3% |
Summary: The Rex real estate market had 105 homes for sale in March 2024, a 19.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 55 | 72 | +30.9% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Rex 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 remained the same, 3 bedroom homes increased by 30.9%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 17 | +21.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rex, you could pay more than the asking price. 43.8% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Rex in March 2024, up by 21.4% month-over-month. Of the 16 sold homes, 31% were sold under asking, 25% were sold at asking, and 44% were sold over asking.
Days on Market for Rex, GA
How long does it take to sell a home in Rex, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 45 Days | -19.8% |
Summary: Homes in Rex had an average of 45 days on market in Mar 2024, down by 19.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rex are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 17 homes were sold in Rex; 59% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.