Is Social Circle, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Social Circle is a seller's market

Buyer's
Market

Difference Since May 2022

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

Key Takeaway

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

How much do homes in Social Circle, GA cost?

Median Sold Price

$347,000

$160/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2022

+$78,050(+29.0%)

Key Takeaway

Homes in Social Circle have sold for 29% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2022May 2023%
1 $44K-
N/A
2 $187.5K$225K
+20.0%
3 $252K$314K
+24.6%
4 $295.9K$307.5K
+3.9%
5+ $375K$474.9K
+26.6%

How many homes are available in Social Circle, GA?

Number of Homes For Sale

Apr 2023May 2023%
6873+7.4%

Homes For Sale By Bedroom Count

# BEDSApr 2023May 2023%
1 00
0.0%
2 31
-66.7%
3 3644
+22.2%
4 1112
+9.1%
5+ 1816
-11.1%

Number of Homes Sold

Apr 2023May 2023%
1617+6.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Social Circle, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

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

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

Average Sale Time

May 2022May 2023%
9 Days63 Days+582.8%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Social Circle, GA

There are 73 homes are for sale in Social Circle, GA real estate market. The number of homes for sale in Social Circle, GA increased by 7.4% between April 2023 and May 2023. Listings spent 63 days on the market in May 2023, and had a median list price of $347,000 during the same period. From April 2023 through May 2023, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went up by 20%, 3 bedrooms properties prices increased by 24.6%, the cost of 4 bedrooms properties went up by 3.9%, the cost of 5 bedrooms properties went up by 26.6%. Volume of homes for sale changed: 1 bedroom homes did not move, 2 bedrooms homes became 66.7% less available, number of 3 bedrooms homes increased by 22.2%, 4 bedrooms homes inventory increased by 9.1%, the quantity of 5 bedrooms homes went down by 11.1%. In May 2023 more than 5 listings in Social Circle, GA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 7 were sold below.