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 buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Social Circle was a Seller's Market.

Key Takeaway

Social Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Social Circle, GA

How much do homes in Social Circle, GA cost?

Median Sold Price

$375,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$8,300(+2.3%)

Key Takeaway

Homes in Social Circle have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Social Circle was $375,000 in September 2024, up 2.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$110K
N/A
2 $252K$257.5K
+2.2%
3 $349.5K$385K
+10.2%
4 $404K$409K
+1.2%
5+ $602.4K$535K
-11.2%

Summary: Social Circle housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 11.2%.

Housing Supply in Social Circle, GA

How many homes are available in Social Circle, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7066-5.7%

Summary: The Social Circle real estate market had 66 homes for sale in September 2024, a 5.7% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 31
-66.7%
3 3835
-7.9%
4 1719
+11.8%
5+ 109
-10.0%

Summary: The Social Circle housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
158-46.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 62.5% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Social Circle in September 2024, down by 46.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.

Days on Market for Social Circle, GA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
31 Days50 Days+58.7%

Summary: Homes in Social Circle had an average of 50 days on market in Sep 2024, up by 58.7% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Social Circle has remained consistent over time.

Summary: During September 2024, 8 homes were sold in Social Circle; 13% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 25% 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 30 Days Ago

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