Is Senoia, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Senoia is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Senoia has remained a Seller's Market.

Key Takeaway

Senoia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Senoia, GA

How much do homes in Senoia, GA cost?

Median Sold Price

$538,920

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$14,550(+2.8%)

Key Takeaway

Homes in Senoia have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Senoia was $538,920 in May 2024, up 2.8% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 -$282.5K
N/A
3 $320K$350K
+9.4%
4 $539.9K$548.5K
+1.6%
5+ $580K$621.2K
+7.1%

Summary: Senoia 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 increased by 9.4%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 7.1%.

Median Sold Price Compared To Nearby Cities

Peachtree City-Tyrone
+10.7%
Peachtree City
+6.5%
Senoia
+2.8%

Housing Supply in Senoia, GA

How many homes are available in Senoia, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
138164+18.8%

Summary: The Senoia real estate market had 164 homes for sale in May 2024, a 18.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 3232
0.0%
4 6178
+27.9%
5+ 4553
+17.8%

Summary: The Senoia 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 remained the same, 4 bedroom homes increased by 27.9%, and 5+ bedroom homes increased by 17.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3329-12.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Senoia, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 29 homes were sold or pending in Senoia in May 2024, down by 12.1% month-over-month. Of the 26 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.

Days on Market for Senoia, GA

How long does it take to sell a home in Senoia, GA?

Average Sale Time

May 2023May 2024CHANGE
28 Days47 Days+70.4%

Summary: Homes in Senoia had an average of 47 days on market in May 2024, up by 70.4% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Senoia are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 29 homes were sold in Senoia; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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