Is Griffin, 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, Griffin has remained a Seller's Market.
Housing Prices in Griffin, GA
How much do homes in Griffin, GA cost?
Median Sold Price
$250,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Griffin was $250,000 in April 2024, up 7.2% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | $133.3K | +166.6% |
2 Bedrooms | $160K | $182K | +13.8% |
3 Bedrooms | $215K | $226.7K | +5.5% |
4 Bedrooms | $300K | $316.2K | +5.4% |
5+ Bedrooms | $405.9K | $399.9K | -1.5% |
Summary: Griffin housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166.6%, 2 bedroom homes increased by 13.8%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Cities
Griffin | $233.2K | $250K | +7.2% |
Rover | $260K | $269.4K | +3.6% |
Housing Supply in Griffin, GA
How many homes are available in Griffin, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
399 | 450 | +12.8% |
Summary: The Griffin real estate market had 450 homes for sale in April 2024, a 12.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 57 | 68 | +19.3% |
3 Bedrooms | 180 | 203 | +12.8% |
4 Bedrooms | 121 | 134 | +10.7% |
5+ Bedrooms | 31 | 37 | +19.4% |
Summary: The Griffin housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 19.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 89 | +21.9% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 89 homes were sold or pending in Griffin in April 2024, up by 21.9% month-over-month. Of the 79 sold homes, 53% were sold under asking, 22% were sold at asking, and 25% were sold over asking.
Days on Market for Griffin, GA
How long does it take to sell a home in Griffin, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
40 Days | 42 Days | +3.3% |
Summary: Homes in Griffin had an average of 42 days on market in Apr 2024, up by 3.3% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 89 homes were sold in Griffin; 57% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.