Is Flowery Branch, 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, Flowery Branch has remained a Seller's Market.
Housing Prices in Flowery Branch, GA
How much do homes in Flowery Branch, GA cost?
Median Sold Price
$432,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Flowery Branch was $432,000 in April 2024, up 2.2% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $260K | N/A |
2 Bedrooms | $280K | $297.5K | +6.3% |
3 Bedrooms | $365K | $375K | +2.7% |
4 Bedrooms | $450K | $474.5K | +5.4% |
5+ Bedrooms | $568.1K | $605K | +6.5% |
Summary: Flowery Branch 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 6.3%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 6.5%.
Median Sold Price Compared To Nearby Cities
Oakwood | $292.2K | $329.9K | +12.9% |
Flowery Branch | $422.7K | $432K | +2.2% |
Housing Supply in Flowery Branch, GA
How many homes are available in Flowery Branch, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
222 | 250 | +12.6% |
Summary: The Flowery Branch real estate market had 250 homes for sale in April 2024, a 12.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 67 | 63 | -6.0% |
4 Bedrooms | 91 | 111 | +22.0% |
5+ Bedrooms | 51 | 64 | +25.5% |
Summary: The Flowery Branch 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 9.1%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 25.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
50 | 48 | -4.0% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Flowery Branch in April 2024, down by 4.0% month-over-month. Of the 48 sold homes, 48% were sold under asking, 40% were sold at asking, and 13% were sold over asking.
Days on Market for Flowery Branch, GA
How long does it take to sell a home in Flowery Branch, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 38 Days | +18.5% |
Summary: Homes in Flowery Branch had an average of 38 days on market in Apr 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Flowery Branch; 63% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.