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 May 2023

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.

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 May 2023

-$8,950(-3.4%)

Key Takeaway

Homes in Rex have sold for 3.4% less than they did a year ago.

Summary: The median home sold price in Rex was $255,000 in May 2024, down 3.4% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$278.4K
N/A
3 $249.9K$240K
-4.0%
4 $280K$290.5K
+3.8%
5+ $337.5K$292.5K
-13.3%

Summary: Rex housing prices by bedroom type for May 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 4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Forest Park-Morrow
-1.1%
Ellenwood
-2.0%
Rex
-3.4%

Housing Supply in Rex, GA

How many homes are available in Rex, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
102116+13.7%

Summary: The Rex real estate market had 116 homes for sale in May 2024, a 13.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 6477
+20.3%
4 2830
+7.1%
5+ 97
-22.2%

Summary: The Rex housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20.3%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 22.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rex, you may be able to get a good deal. 38.1% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Rex in May 2024, up by 15.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 33% were sold at asking, and 29% 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

May 2023May 2024CHANGE
49 Days56 Days+12.6%

Summary: Homes in Rex had an average of 56 days on market in May 2024, up by 12.6% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

6 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.

Summary: During May 2024, 23 homes were sold in Rex; 48% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Rex, GA

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