Is Greensboro, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Greensboro is a neutral's market

Buyer's
Market

Difference Since April 2023

Since last year, Greensboro has remained a Neutral Market.

Key Takeaway

Greensboro is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Greensboro, GA

How much do homes in Greensboro, GA cost?

Median Sold Price

$655,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$37,500(+6.1%)

Key Takeaway

Homes in Greensboro have sold for 6.1% more than they did a year ago.

Summary: The median home sold price in Greensboro was $655,000 in April 2024, up 6.1% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $349.4K$374.9K
+7.3%
3 $429.9K$520.9K
+21.2%
4 $860K$820K
-4.7%
5+ $1.5M$2.1M
+41.9%

Summary: Greensboro 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 7.3%, 3 bedroom homes increased by 21.2%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 41.9%.

Housing Supply in Greensboro, GA

How many homes are available in Greensboro, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
191217+13.6%

Summary: The Greensboro real estate market had 217 homes for sale in April 2024, a 13.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 2020
0.0%
3 5663
+12.5%
4 7078
+11.4%
5+ 4556
+24.4%

Summary: The Greensboro 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 12.5%, 4 bedroom homes increased by 11.4%, and 5+ bedroom homes increased by 24.4%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3036+20.0%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Greensboro, you may be able to get a good deal. 81.3% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Greensboro in April 2024, up by 20.0% month-over-month. Of the 32 sold homes, 81% were sold under asking, 19% were sold at asking, and 0% were sold over asking.

Days on Market for Greensboro, GA

How long does it take to sell a home in Greensboro, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
50 Days75 Days+48.9%

Summary: Homes in Greensboro had an average of 75 days on market in Apr 2024, up by 48.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Greensboro has remained consistent over time.

Summary: During April 2024, 36 homes were sold in Greensboro; 31% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 15 Days Ago

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