Is Rincon, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Rincon has remained a Seller's Market.
Key Takeaway
Rincon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Rincon, GA
How much do homes in Rincon, GA cost?
Median Sold Price
$338,333
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rincon have sold for 20.4% more than they did a year ago.
Summary: The median home sold price in Rincon was $338,333 in April 2024, up 20.4% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169.9K | $212.5K | +25.1% |
| 3 Bedrooms | $255K | $287K | +12.5% |
| 4 Bedrooms | $326.5K | $373.4K | +14.4% |
| 5+ Bedrooms | $421K | $427.6K | +1.6% |
Summary: Rincon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.1%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 1.6%.
Housing Supply in Rincon, GA
How many homes are available in Rincon, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 132 | 134 | +1.5% |
Summary: The Rincon real estate market had 134 homes for sale in April 2024, a 1.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 54 | 53 | -1.9% |
| 4 Bedrooms | 51 | 53 | +3.9% |
| 5+ Bedrooms | 19 | 22 | +15.8% |
Summary: The Rincon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 15.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 28 | 44 | +57.1% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rincon, expect to pay close to the asking price. 52.4% of homes here sold near the asking price last month.
Summary: A total of 44 homes were sold or pending in Rincon in April 2024, up by 57.1% month-over-month. Of the 42 sold homes, 31% were sold under asking, 52% were sold at asking, and 17% were sold over asking.
Days on Market for Rincon, GA
How long does it take to sell a home in Rincon, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 56 Days | 14 Days | -75.2% |
Summary: Homes in Rincon had an average of 14 days on market in Apr 2024, down by 75.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rincon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Rincon; 18% of homes were sold within 30 days, 2% of homes were sold within 30 to 90 days, and 0% 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.