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 March 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

$389,900

$181/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$94,900(+32.2%)

Key Takeaway

Homes in Social Circle have sold for 32.2% more than they did a year ago.

Summary: The median home sold price in Social Circle was $389,900 in March 2024, up 32.2% from last year, and the median price per square foot was $181.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $204.5K$275.5K
+34.7%
3 $276.5K$385K
+39.2%
4 $313K$449K
+43.5%
5+ $494.9K$550K
+11.1%

Summary: Social Circle housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 34.7%, 3 bedroom homes increased by 39.2%, 4 bedroom homes increased by 43.5%, and 5+ bedroom homes increased by 11.1%.

Housing Supply in Social Circle, GA

How many homes are available in Social Circle, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
7685+11.8%

Summary: The Social Circle real estate market had 85 homes for sale in March 2024, a 11.8% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 35
+66.7%
3 4951
+4.1%
4 1319
+46.2%
5+ 1110
-9.1%

Summary: The Social Circle housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 46.2%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1110-9.1%

Asking Price vs. Sold Price

6 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. 66.7% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Social Circle in March 2024, down by 9.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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

Mar 2023Mar 2024CHANGE
45 Days28 Days-38.6%

Summary: Homes in Social Circle had an average of 28 days on market in Mar 2024, down by 38.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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.

Summary: During March 2024, 10 homes were sold in Social Circle; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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 25 Days Ago

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