Is Colbert, 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, Colbert has remained a Seller's Market.
Housing Prices in Colbert, GA
How much do homes in Colbert, GA cost?
Median Sold Price
$331,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Colbert was $331,000 in April 2024, up 2.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $195K | $295K | +51.3% |
3 Bedrooms | $272K | $300K | +10.3% |
4 Bedrooms | $400K | $355K | -11.3% |
5+ Bedrooms | $344.2K | $362.5K | +5.3% |
Summary: Colbert 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 51.3%, 3 bedroom homes increased by 10.3%, 4 bedroom homes decreased by 11.3%, and 5+ bedroom homes increased by 5.3%.
Housing Supply in Colbert, GA
How many homes are available in Colbert, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 40 | -20.0% |
Summary: The Colbert real estate market had 40 homes for sale in April 2024, a 20.0% decrease 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 | 1 | -66.7% |
3 Bedrooms | 24 | 15 | -37.5% |
4 Bedrooms | 18 | 22 | +22.2% |
5+ Bedrooms | 5 | 2 | -60.0% |
Summary: The Colbert 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 66.7%, 3 bedroom homes decreased by 37.5%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 60%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Colbert in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 21% were sold under asking, 14% were sold at asking, and 64% were sold over asking.
Days on Market for Colbert, GA
How long does it take to sell a home in Colbert, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 22 Days | -34.8% |
Summary: Homes in Colbert had an average of 22 days on market in Apr 2024, down by 34.8% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Colbert; 79% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.