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 neutral's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

Social Circle is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Social Circle, GA

How much do homes in Social Circle, GA cost?

Median Sold Price

$387,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

+$22,000(+6.0%)

Key Takeaway

Homes in Social Circle have sold for 6% more than they did a year ago.

Summary: The median home sold price in Social Circle was $387,000 in August 2024, up 6% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 --
N/A
2 $252K$235K
-6.7%
3 $340.7K$385.9K
+13.3%
4 $404K$445K
+10.1%
5+ $599.9K$542.5K
-9.6%

Summary: Social Circle housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes decreased by 9.6%.

Housing Supply in Social Circle, GA

How many homes are available in Social Circle, GA?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
6674+12.1%

Summary: The Social Circle real estate market had 74 homes for sale in August 2024, a 12.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 22
0.0%
2 34
+33.3%
3 4140
-2.4%
4 1318
+38.5%
5+ 710
+42.9%

Summary: The Social Circle housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
1311-15.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 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. 44.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Social Circle in August 2024, down by 15.4% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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

Aug 2023Aug 2024CHANGE
25 Days60 Days+138.5%

Summary: Homes in Social Circle had an average of 60 days on market in Aug 2024, up by 138.5% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 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.

Summary: During August 2024, 11 homes were sold in Social Circle; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% 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 19 Days Ago

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