Is Banks County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Banks County was a Seller's Market.
Key Takeaway
Banks County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Banks County, GA
How much do homes in Banks County, GA cost?
Median Sold Price
$339,995
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Banks County have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Banks County was $339,995 in March 2024, up 7.9% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324.7K | $117.7K | -63.7% |
| 2 Bedrooms | $165K | $169.1K | +2.5% |
| 3 Bedrooms | $309.9K | $309K | -0.3% |
| 4 Bedrooms | $366.9K | $378.2K | +3.1% |
| 5+ Bedrooms | $505K | $463.3K | -8.3% |
Summary: Banks County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 63.7%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 8.3%.
Median Sold Price Compared To Nearby Counties
| Banks County | $315K | $339.9K | +7.9% |
| Franklin County | $249.8K | $264.7K | +6.0% |
| Stephens County | $220K | $229.2K | +4.2% |
| Jackson County | $413.7K | $425K | +2.7% |
| Hall County | $374.9K | $385K | +2.7% |
Housing Supply in Banks County, GA
How many homes are available in Banks County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 109 | 110 | +0.9% |
Summary: The Banks County real estate market had 110 homes for sale in March 2024, a 0.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 42 | 44 | +4.8% |
| 4 Bedrooms | 39 | 43 | +10.3% |
| 5+ Bedrooms | 11 | 8 | -27.3% |
Summary: The Banks County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 27.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 18 | -25.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banks County, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Banks County in March 2024, down by 25.0% month-over-month. Of the 17 sold homes, 53% were sold under asking, 6% were sold at asking, and 41% were sold over asking.
Days on Market for Banks County, GA
How long does it take to sell a home in Banks County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 96 Days | 56 Days | -41.7% |
Summary: Homes in Banks County had an average of 56 days on market in Mar 2024, down by 41.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Banks County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 18 homes were sold in Banks County; 56% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.