Is South River Gardens, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South River Gardens has remained a Seller's Market.
Key Takeaway
South River Gardens is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South River Gardens, GA
How much do homes in South River Gardens, GA cost?
Median Sold Price
$363,115
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in South River Gardens have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in South River Gardens was $363,115 in April 2024, up 8.1% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $395K | N/A |
| 3 Bedrooms | $215K | $272.5K | +26.7% |
| 4 Bedrooms | $376.3K | $395.3K | +5.1% |
| 5+ Bedrooms | $348.1K | $365.3K | +5.0% |
Summary: South River Gardens housing prices by bedroom type for April 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 26.7%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes increased by 5%.
Housing Supply in South River Gardens, GA
How many homes are available in South River Gardens, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 63 | +18.9% |
Summary: The South River Gardens real estate market had 63 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 12 | 16 | +33.3% |
| 4 Bedrooms | 23 | 30 | +30.4% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The South River Gardens housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 30.4%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South River Gardens, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in South River Gardens in April 2024, up by 30.0% month-over-month. Of the 12 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.
Days on Market for South River Gardens, GA
How long does it take to sell a home in South River Gardens, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 28 Days | 67 Days | +138.2% |
Summary: Homes in South River Gardens had an average of 67 days on market in Apr 2024, up by 138.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South River Gardens are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 13 homes were sold in South River Gardens; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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