Is Phoenix, 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, Phoenix has remained a Seller's Market.
Housing Prices in Phoenix, GA
How much do homes in Phoenix, GA cost?
Median Sold Price
$472,500
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Phoenix was $472,500 in April 2024, down 0.7% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $93K | $99K | +6.5% |
2 Bedrooms | $257.5K | $271K | +5.2% |
3 Bedrooms | $394.7K | $393.5K | -0.3% |
4 Bedrooms | $509.9K | $620K | +21.6% |
5+ Bedrooms | $1.4M | $1.8M | +22.3% |
Summary: Phoenix housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 22.3%.
Median Sold Price Compared To Nearby Cities
Eatonton | $355.9K | $404.8K | +13.7% |
Phoenix | $476K | $472.5K | -0.7% |
Little River | $365K | $350.9K | -3.8% |
Devereux | $485K | $428K | -11.8% |
Housing Supply in Phoenix, GA
How many homes are available in Phoenix, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
144 | 152 | +5.6% |
Summary: The Phoenix real estate market had 152 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 11 | 10 | -9.1% |
3 Bedrooms | 64 | 68 | +6.3% |
4 Bedrooms | 43 | 45 | +4.7% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Phoenix 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 increased by 6.3%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Phoenix in April 2024, up by 7.7% month-over-month. Of the 24 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% were sold over asking.
Days on Market for Phoenix, GA
How long does it take to sell a home in Phoenix, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
83 Days | 49 Days | -40.7% |
Summary: Homes in Phoenix had an average of 49 days on market in Apr 2024, down by 40.7% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 28 homes were sold in Phoenix; 50% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.