Is Towns County, 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, Towns County was a Neutral Market.
Key Takeaway
Towns County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Towns County, GA
How much do homes in Towns County, GA cost?
Median Sold Price
$389,488
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Towns County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Towns County was $389,488 in March 2024, up 3.9% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $167K | $333.1K | +99.5% |
| 2 Bedrooms | $310K | $291K | -6.1% |
| 3 Bedrooms | $400K | $412K | +3.0% |
| 4 Bedrooms | $525K | $650K | +23.8% |
| 5+ Bedrooms | $1.2M | $1.0M | -15.4% |
Summary: Towns County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 99.5%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes decreased by 15.4%.
Median Sold Price Compared To Nearby Counties
| Clay County | $358.3K | $405K | +13.0% |
| White County | $320.6K | $357.7K | +11.6% |
| Union County | $365K | $403.4K | +10.5% |
| Habersham County | $300K | $318.5K | +6.2% |
| Towns County | $375K | $389.4K | +3.9% |
Housing Supply in Towns County, GA
How many homes are available in Towns County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 187 | 238 | +27.3% |
Summary: The Towns County real estate market had 238 homes for sale in March 2024, a 27.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 13 | +18.2% |
| 2 Bedrooms | 46 | 61 | +32.6% |
| 3 Bedrooms | 79 | 104 | +31.6% |
| 4 Bedrooms | 39 | 49 | +25.6% |
| 5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Towns County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 32.6%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 25.6%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Towns County, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Towns County in March 2024, up by 14.3% month-over-month. Of the 13 sold homes, 69% were sold under asking, 23% were sold at asking, and 8% were sold over asking.
Days on Market for Towns County, GA
How long does it take to sell a home in Towns County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 95 Days | +32.0% |
Summary: Homes in Towns County had an average of 95 days on market in Mar 2024, up by 32% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Towns County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Towns County; 63% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.
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