Is Chestatee, 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, Chestatee has remained a Seller's Market.
Key Takeaway
Chestatee is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chestatee, GA
How much do homes in Chestatee, GA cost?
Median Sold Price
$500,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Chestatee have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Chestatee was $500,000 in April 2024, up 5.8% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $297.4K | +8.2% |
| 2 Bedrooms | $244.9K | $290K | +18.4% |
| 3 Bedrooms | $366.5K | $378K | +3.1% |
| 4 Bedrooms | $516K | $560K | +8.5% |
| 5+ Bedrooms | $569.9K | $650K | +14.1% |
Summary: Chestatee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 18.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 14.1%.
Median Sold Price Compared To Nearby Cities
| Silver City | $505K | $534.9K | +5.9% |
| Chestatee | $472.5K | $500K | +5.8% |
| Blacks Mill | $431.7K | $452.1K | +4.7% |
| Murrayville | $403.4K | $400.3K | -0.8% |
Housing Supply in Chestatee, GA
How many homes are available in Chestatee, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 128 | 156 | +21.9% |
Summary: The Chestatee real estate market had 156 homes for sale in April 2024, a 21.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 35 | 34 | -2.9% |
| 4 Bedrooms | 55 | 72 | +30.9% |
| 5+ Bedrooms | 31 | 43 | +38.7% |
Summary: The Chestatee 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 decreased by 2.9%, 4 bedroom homes increased by 30.9%, and 5+ bedroom homes increased by 38.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 44 | +76.0% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestatee, you may be able to get a good deal. 34.9% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Chestatee in April 2024, up by 76.0% month-over-month. Of the 43 sold homes, 35% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Chestatee, GA
How long does it take to sell a home in Chestatee, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 24 Days | -47.9% |
Summary: Homes in Chestatee had an average of 24 days on market in Apr 2024, down by 47.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestatee are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Chestatee; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% 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.