Is Macedonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Macedonia was a Seller's Market.
Key Takeaway
Macedonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Macedonia, GA
How much do homes in Macedonia, GA cost?
Median Sold Price
$400,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macedonia have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Macedonia was $400,000 in April 2024, up 16.8% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $400K | +406.3% |
| 2 Bedrooms | $311.5K | $232.5K | -25.4% |
| 3 Bedrooms | $360K | $425K | +18.1% |
| 4 Bedrooms | $434.5K | $775K | +78.4% |
| 5+ Bedrooms | $1.3M | $925K | -30.2% |
Summary: Macedonia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 406.3%, 2 bedroom homes decreased by 25.4%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 78.4%, and 5+ bedroom homes decreased by 30.2%.
Median Sold Price Compared To Nearby Cities
| Hayesville Township | $359K | $439K | +22.3% |
| Macedonia | $342.5K | $400K | +16.8% |
| Sautee Nacoochee | $375K | $382K | +1.9% |
Housing Supply in Macedonia, GA
How many homes are available in Macedonia, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 81 | +37.3% |
Summary: The Macedonia real estate market had 81 homes for sale in April 2024, a 37.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 11 | 18 | +63.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Macedonia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 42.1%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 63.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macedonia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Macedonia in April 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Macedonia, GA
How long does it take to sell a home in Macedonia, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 61 Days | 150 Days | +143.7% |
Summary: Homes in Macedonia had an average of 150 days on market in Apr 2024, up by 143.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Macedonia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 4 homes were sold in Macedonia; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
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