Is Rex, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Rex was a Seller's Market.
Key Takeaway
Rex is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 June 2023
Key Takeaway
Homes in Rex have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Rex was $255,000 in June 2024, down 1.9% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $266.7K | N/A |
| 3 Bedrooms | $248K | $240K | -3.2% |
| 4 Bedrooms | $280K | $288.5K | +3.0% |
| 5+ Bedrooms | $347K | $295K | -15.0% |
Summary: Rex housing prices by bedroom type for June 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 3.2%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 15%.
Median Sold Price Compared To Nearby Cities
| Ellenwood | $300.4K | $300K | -0.1% |
| Forest Park-Morrow | $230.6K | $230K | -0.3% |
| Rex | $260K | $255K | -1.9% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 115 | 116 | +0.9% |
Summary: The Rex real estate market had 116 homes for sale in June 2024, a 0.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 76 | 73 | -3.9% |
| 4 Bedrooms | 29 | 33 | +13.8% |
| 5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Rex housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rex, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Rex in June 2024, down by 37.5% month-over-month. Of the 12 sold homes, 58% were sold under asking, 33% were sold at asking, and 8% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 14 Days | 51 Days | +248.9% |
Summary: Homes in Rex had an average of 51 days on market in Jun 2024, up by 248.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Rex are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 15 homes were sold in Rex; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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