Is Summerhill Farm, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Summerhill Farm is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Summerhill Farm has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Summerhill Farm, GA

How much do homes in Summerhill Farm, GA cost?

Median Sold Price

$860,000

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$85,000(+11.0%)

Key Takeaway

Homes in Summerhill Farm have sold for 11% more than they did a year ago.

Summary: The median home sold price in Summerhill Farm was $860,000 in April 2024, up 11% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 --
N/A
3 $688K-
N/A
4 $790K$772.5K
-2.2%
5+ $775K$860K
+11.0%

Summary: Summerhill Farm 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 did not change, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Neighborhoods

Summerhill Farm
+11.0%
Edenwilde
-39.4%

Housing Supply in Summerhill Farm, GA

How many homes are available in Summerhill Farm, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
52-60.0%

Summary: The Summerhill Farm real estate market had 2 homes for sale in April 2024, a 60.0% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 00
0.0%
3 00
0.0%
4 11
0.0%
5+ 41
-75.0%

Summary: The Summerhill Farm 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 remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 75%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
21-50.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Summerhill Farm, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Summerhill Farm in April 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Summerhill Farm, GA

How long does it take to sell a home in Summerhill Farm, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
2 Days6 Days+200.0%

Summary: Homes in Summerhill Farm had an average of 6 days on market in Apr 2024, up by 200% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 1 homes were sold in Summerhill Farm; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 1 Day Ago

Newest Listings in Summerhill Farm, GA

Nearby Markets to Summerhill Farm, GA