Is Auburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Auburn has remained a Seller's Market.
Key Takeaway
Auburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Auburn, GA
How much do homes in Auburn, GA cost?
Median Sold Price
$389,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Auburn have sold for 16.1% more than they did a year ago.
Summary: The median home sold price in Auburn was $389,000 in April 2024, up 16.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $321K | $230K | -28.3% |
| 3 Bedrooms | $305K | $325K | +6.6% |
| 4 Bedrooms | $399.9K | $425.7K | +6.5% |
| 5+ Bedrooms | $490.3K | $550.9K | +12.4% |
Summary: Auburn 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 decreased by 28.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Cities
| Auburn | $335K | $389K | +16.1% |
| Dacula-Rocky Creek | $440.8K | $457.7K | +3.8% |
Housing Supply in Auburn, GA
How many homes are available in Auburn, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 114 | +7.5% |
Summary: The Auburn real estate market had 114 homes for sale in April 2024, a 7.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 1 | -83.3% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 30 | 34 | +13.3% |
| 5+ Bedrooms | 32 | 39 | +21.9% |
Summary: The Auburn 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 decreased by 83.3%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 21.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 21 | -50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Auburn, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Auburn in April 2024, down by 50.0% month-over-month. Of the 21 sold homes, 43% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Auburn, GA
How long does it take to sell a home in Auburn, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 57 Days | 31 Days | -45.9% |
Summary: Homes in Auburn had an average of 31 days on market in Apr 2024, down by 45.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Auburn are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 21 homes were sold in Auburn; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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