Is Townsend, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Townsend is a buyer's market

Buyer's
Market

Difference Since June 2023

Since last year, Townsend has remained a Buyer's Market.

Key Takeaway

Townsend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Townsend, GA

How much do homes in Townsend, GA cost?

Median Sold Price

$326,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$6,650(+2.1%)

Key Takeaway

Homes in Townsend have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Townsend was $326,000 in June 2024, up 2.1% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 --
N/A
2 $207.4K$337.5K
+62.7%
3 $315K$261.5K
-17.0%
4 $575K$361.5K
-37.1%
5+ $725K-
N/A

Summary: Townsend 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 62.7%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 37.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Everett
+7.9%
Ludowici South
+3.0%
Townsend
+2.1%

Housing Supply in Townsend, GA

How many homes are available in Townsend, GA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
3132+3.2%

Summary: The Townsend real estate market had 32 homes for sale in June 2024, a 3.2% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1817
-5.6%
4 99
0.0%
5+ 23
+50.0%

Summary: The Townsend 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 increased by 50%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

May 2024Jun 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Townsend, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 3 homes were sold or pending in Townsend in June 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.

Days on Market for Townsend, GA

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

Average Sale Time

Jun 2023Jun 2024CHANGE
17 Days99 Days+485.3%

Summary: Homes in Townsend had an average of 99 days on market in Jun 2024, up by 485.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Townsend are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During June 2024, 3 homes were sold in Townsend; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 23 Days Ago

Newest Listings in Townsend, GA

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