Is South Rockdale, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, South Rockdale was a Seller's Market.
Key Takeaway
South Rockdale 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 South Rockdale, GA
How much do homes in South Rockdale, GA cost?
Median Sold Price
$313,500
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in South Rockdale have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in South Rockdale was $313,500 in March 2024, down 4.9% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $178.5K | $300K | +68.1% |
| 3 Bedrooms | $275K | $269.4K | -2.0% |
| 4 Bedrooms | $362.7K | $350K | -3.5% |
| 5+ Bedrooms | $435K | $539K | +23.9% |
Summary: South Rockdale 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 68.1%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
| Covington-Porterdale | $300K | $300K | 0% |
| Ellenwood | $305K | $300K | -1.6% |
| South Rockdale | $329.7K | $313.5K | -4.9% |
Housing Supply in South Rockdale, GA
How many homes are available in South Rockdale, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 180 | +16.9% |
Summary: The South Rockdale real estate market had 180 homes for sale in March 2024, a 16.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 65 | 78 | +20.0% |
| 4 Bedrooms | 50 | 61 | +22.0% |
| 5+ Bedrooms | 37 | 40 | +8.1% |
Summary: The South Rockdale 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 8.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 29 | +52.6% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Rockdale, you may be able to get a good deal. 39.3% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in South Rockdale in March 2024, up by 52.6% month-over-month. Of the 28 sold homes, 39% were sold under asking, 21% were sold at asking, and 39% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 51 Days | 60 Days | +16.0% |
Summary: Homes in South Rockdale had an average of 60 days on market in Mar 2024, up by 16% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Rockdale are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 29 homes were sold in South Rockdale; 45% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.