Is Townsend, 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, 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
$335,000
$274/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Key Takeaway
Homes in Townsend have sold for 39.6% more than they did a month ago.
Summary: The median home sold price in Townsend was $335,000 in March 2024, up 39.6% from last month, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $240K | $335K | +39.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Townsend 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 increased by 39.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Townsend, GA
How many homes are available in Townsend, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The Townsend real estate market had 37 homes for sale in March 2024, a 15.6% 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 | 6 | 9 | +50.0% |
| 3 Bedrooms | 17 | 16 | -5.9% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Townsend 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 increased by 50%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Townsend in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 Days | 22 Days | +214.3% |
Summary: Homes in Townsend had an average of 22 days on market in Mar 2024, up by 214.3% compared to last month.
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
Key Takeaway
Many homes in Townsend are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 2 homes were sold in Townsend; 50% 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.
