Is Blacks Mill, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Blacks Mill was a Seller's Market.
Housing Prices in Blacks Mill, GA
How much do homes in Blacks Mill, GA cost?
Median Sold Price
$452,124
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Blacks Mill was $452,124 in April 2024, up 4.7% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186K | $450K | +141.9% |
2 Bedrooms | $300K | $270K | -10.0% |
3 Bedrooms | $351.3K | $365K | +3.9% |
4 Bedrooms | $510K | $540K | +5.9% |
5+ Bedrooms | $597.4K | $815K | +36.4% |
Summary: Blacks Mill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.9%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 36.4%.
Median Sold Price Compared To Nearby Cities
Blacks Mill | $431.7K | $452.1K | +4.7% |
Dawsonville | $397.3K | $414.2K | +4.3% |
Murrayville | $403.4K | $400.3K | -0.8% |
Housing Supply in Blacks Mill, GA
How many homes are available in Blacks Mill, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
109 | 135 | +23.9% |
Summary: The Blacks Mill real estate market had 135 homes for sale in April 2024, a 23.9% 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 | 3 | 5 | +66.7% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 29 | 42 | +44.8% |
5+ Bedrooms | 35 | 46 | +31.4% |
Summary: The Blacks Mill 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 increased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 44.8%, and 5+ bedroom homes increased by 31.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
24 | 21 | -12.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Blacks Mill in April 2024, down by 12.5% month-over-month. Of the 21 sold homes, 57% were sold under asking, 10% were sold at asking, and 33% were sold over asking.
Days on Market for Blacks Mill, GA
How long does it take to sell a home in Blacks Mill, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 43 Days | +46.3% |
Summary: Homes in Blacks Mill had an average of 43 days on market in Apr 2024, up by 46.3% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Blacks Mill; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.