Is Cherry Log, 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, Cherry Log was a Neutral Market.
Key Takeaway
Cherry Log is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Log, GA
How much do homes in Cherry Log, GA cost?
Median Sold Price
$479,900
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cherry Log have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Cherry Log was $479,900 in April 2024, down 6.8% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $378.5K | $430K | +13.6% |
| 3 Bedrooms | $580K | $537K | -7.4% |
| 4 Bedrooms | $695K | $865K | +24.5% |
| 5+ Bedrooms | $600K | $900K | +50.0% |
Summary: Cherry Log 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 increased by 13.6%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 24.5%, and 5+ bedroom homes increased by 50%.
Median Sold Price Compared To Nearby Cities
| Epworth | $394.9K | $549K | +39.0% |
| Higdon-Mobile | $485K | $619.5K | +27.7% |
| Rich Mountain | $479K | $475K | -0.8% |
| North Gilmer | $450K | $441.5K | -1.9% |
| Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in Cherry Log, GA
How many homes are available in Cherry Log, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 64 | +10.3% |
Summary: The Cherry Log real estate market had 64 homes for sale in April 2024, a 10.3% 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 | 12 | 12 | 0.0% |
| 3 Bedrooms | 39 | 42 | +7.7% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cherry Log 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 increased by 7.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cherry Log, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Cherry Log in April 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Log, GA
How long does it take to sell a home in Cherry Log, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 4 Days | 25 Days | +537.5% |
Summary: Homes in Cherry Log had an average of 25 days on market in Apr 2024, up by 537.5% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherry Log are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 2 homes were sold in Cherry Log; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.