Is Rex, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Rex was a Seller's Market.
Housing Prices in Rex, GA
How much do homes in Rex, GA cost?
Median Sold Price
$252,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Rex was $252,000 in February 2024, down 3.3% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $261.5K | $278.4K | +6.4% |
3 Bedrooms | $248K | $245K | -1.2% |
4 Bedrooms | $281.7K | $298K | +5.8% |
5+ Bedrooms | $305K | $312.5K | +2.5% |
Summary: Rex housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.4%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Forest Park-Morrow | $230.2K | $232.1K | +0.9% |
Ellenwood | $305.6K | $300K | -1.9% |
Rex | $260.5K | $252K | -3.3% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
72 | 92 | +27.8% |
Summary: The Rex real estate market had 92 homes for sale in February 2024, a 27.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 45 | 56 | +24.4% |
4 Bedrooms | 22 | 31 | +40.9% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Rex housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 24.4%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Rex in February 2024, up by 7.7% month-over-month. Of the 12 sold homes, 33% were sold under asking, 25% were sold at asking, and 42% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
35 Days | 44 Days | +25.8% |
Summary: Homes in Rex had an average of 44 days on market in Feb 2024, up by 25.8% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 14 homes were sold in Rex; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.