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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Turnerville is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Turnerville, GA

How much do homes in Turnerville, GA cost?

Median Sold Price

$390,000

$192/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$15,050(+4.0%)

Key Takeaway

Homes in Turnerville have sold for 4% more than they did a year ago.

Summary: The median home sold price in Turnerville was $390,000 in February 2024, up 4% from last year, and the median price per square foot was $192.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $223.4K$185.2K
-17.1%
3 $310K$340K
+9.7%
4 $655K$640K
-2.3%
5+ $580K$620K
+6.9%

Summary: Turnerville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 17.1%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Lakemont
+33.3%
Turnerville
+4.0%

Housing Supply in Turnerville, GA

How many homes are available in Turnerville, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1828+55.6%

Summary: The Turnerville real estate market had 28 homes for sale in February 2024, a 55.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 1213
+8.3%
4 411
+175.0%
5+ 12
+100.0%

Summary: The Turnerville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 175%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Turnerville, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Turnerville in February 2024, up by 200.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.

Days on Market for Turnerville, GA

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

Average Sale Time

Feb 2023Feb 2024CHANGE
113 Days22 Days-80.5%

Summary: Homes in Turnerville had an average of 22 days on market in Feb 2024, down by 80.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in Turnerville; 67% of homes were sold within 30 days, 33% 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 28 Days Ago

Newest Listings in Turnerville, GA

Nearby Markets to Turnerville, GA

What housing markets are near Turnerville, GA?