Is Southeast Banks, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Southeast Banks has remained a Seller's Market.
Key Takeaway
Southeast Banks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southeast Banks, GA
How much do homes in Southeast Banks, GA cost?
Median Sold Price
$355,000
$185/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Southeast Banks have sold for 7.1% less than they did a month ago.
Summary: The median home sold price in Southeast Banks was $355,000 in March 2024, down 7.1% from last month, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $75K | - | N/A |
| 3 Bedrooms | $382K | $338.4K | -11.4% |
| 4 Bedrooms | $383.5K | $415K | +8.2% |
| 5+ Bedrooms | $409.9K | - | N/A |
Summary: Southeast Banks housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 11.4%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes did not change.
Housing Supply in Southeast Banks, GA
How many homes are available in Southeast Banks, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 30 | +15.4% |
Summary: The Southeast Banks real estate market had 30 homes for sale in March 2024, a 15.4% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Southeast Banks 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 25%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southeast Banks, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Southeast Banks in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Southeast Banks, GA
How long does it take to sell a home in Southeast Banks, GA?
Average Sale Time
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 56 Days | 30 Days | -45.9% |
Summary: Homes in Southeast Banks had an average of 30 days on market in Mar 2024, down by 45.9% compared to last month.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southeast Banks are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 9 homes were sold in Southeast Banks; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.