Is West Point, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Point is a seller's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

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

Housing Prices in West Point, GA

How much do homes in West Point, GA cost?

Median Sold Price

$225,500

$125/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$23,050(+11.4%)

Key Takeaway

Homes in West Point have sold for 11.4% more than they did a year ago.

Summary: The median home sold price in West Point was $225,500 in September 2024, up 11.4% from last year, and the median price per square foot was $125.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $115K-
N/A
2 $65K$136.8K
+110.6%
3 $197.5K$224K
+13.4%
4 $255K$290K
+13.7%
5+ $322.5K$300K
-7.0%

Summary: West Point housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 110.6%, 3 bedroom homes increased by 13.4%, 4 bedroom homes increased by 13.7%, and 5+ bedroom homes decreased by 7%.

Median Sold Price Compared To Nearby Cities

West Point
+13.9%
West Point
+11.4%

Housing Supply in West Point, GA

How many homes are available in West Point, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2329+26.1%

Summary: The West Point real estate market had 29 homes for sale in September 2024, a 26.1% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 712
+71.4%
4 88
0.0%
5+ 33
0.0%

Summary: The West Point housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 71.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
06+100.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Point, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in West Point in September 2024, up by 100.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for West Point, GA

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

Average Sale Time

Sep 2023Sep 2024CHANGE
52 Days55 Days+5.4%

Summary: Homes in West Point had an average of 55 days on market in Sep 2024, up by 5.4% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 6 homes were sold in West Point; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 30 Days Ago

Newest Listings in West Point, GA

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