Is South Rockdale, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Rockdale is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, South Rockdale has remained a Seller's Market.

Key Takeaway

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

Housing Prices in South Rockdale, GA

How much do homes in South Rockdale, GA cost?

Median Sold Price

$315,000

$151/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

-$10,727(-3.3%)

Key Takeaway

Homes in South Rockdale have sold for 3.3% less than they did a year ago.

Summary: The median home sold price in South Rockdale was $315,000 in June 2024, down 3.3% from last year, and the median price per square foot was $151.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $115K-
N/A
2 $207.5K$273.5K
+31.8%
3 $275.3K$265K
-3.8%
4 $362.7K$352.5K
-2.8%
5+ $470K$570K
+21.3%

Summary: South Rockdale housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 31.8%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 21.3%.

Median Sold Price Compared To Nearby Cities

Covington-Porterdale
+2.4%
Ellenwood
-0.1%
South Rockdale
-3.3%

Housing Supply in South Rockdale, GA

How many homes are available in South Rockdale, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
186195+4.8%

Summary: The South Rockdale real estate market had 195 homes for sale in June 2024, a 4.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 55
0.0%
3 7074
+5.7%
4 6564
-1.5%
5+ 4652
+13.0%

Summary: The South Rockdale housing inventory by bedroom type for June 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 5.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 13%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3034+13.3%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Rockdale, you may be able to get a good deal. 43.3% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in South Rockdale in June 2024, up by 13.3% month-over-month. Of the 30 sold homes, 43% were sold under asking, 20% were sold at asking, and 37% were sold over asking.

Days on Market for South Rockdale, GA

How long does it take to sell a home in South Rockdale, GA?

Average Sale Time

Jun 2023Jun 2024CHANGE
34 Days41 Days+19.5%

Summary: Homes in South Rockdale had an average of 41 days on market in Jun 2024, up by 19.5% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 34 homes were sold in South Rockdale; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% 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 24 Days Ago

Newest Listings in South Rockdale, GA

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