Is West Paces Ferry / Northside, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Paces Ferry / Northside is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, West Paces Ferry / Northside has remained a Seller's Market.

Key Takeaway

West Paces Ferry / Northside is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in West Paces Ferry / Northside, GA

How much do homes in West Paces Ferry / Northside, GA cost?

Median Sold Price

$1,500,000

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$150,000(+11.1%)

Key Takeaway

Homes in West Paces Ferry / Northside have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in West Paces Ferry / Northside was $1,500,000 in April 2024, up 11.1% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 -$425K
N/A
3 $1.2M$965K
-25.2%
4 $1.3M$1.3M
+3.6%
5+ $1.6M$1.5M
-4.6%

Summary: West Paces Ferry / Northside 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 decreased by 25.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 4.6%.

Housing Supply in West Paces Ferry / Northside, GA

How many homes are available in West Paces Ferry / Northside, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
910+11.1%

Summary: The West Paces Ferry / Northside real estate market had 10 homes for sale in April 2024, a 11.1% increase 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 21
-50.0%
5+ 79
+28.6%

Summary: The West Paces Ferry / Northside 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 decreased by 50%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Paces Ferry / Northside, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in West Paces Ferry / Northside in April 2024, up by 300.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for West Paces Ferry / Northside, GA

How long does it take to sell a home in West Paces Ferry / Northside, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days4 Days-92.1%

Summary: Homes in West Paces Ferry / Northside had an average of 4 days on market in Apr 2024, down by 92.1% compared to last year.

Breakdown of Home Sale Times

4 Homes Were 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 West Paces Ferry / Northside are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 4 homes were sold in West Paces Ferry / Northside; 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 22 Days Ago

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