Is Redbud, 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, Redbud was a Seller's Market.
Housing Prices in Redbud, GA
How much do homes in Redbud, GA cost?
Median Sold Price
$297,500
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Redbud was $297,500 in April 2024, up 6.3% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | - | N/A |
2 Bedrooms | $257K | $254K | -1.2% |
3 Bedrooms | $250K | $330K | +32.0% |
4 Bedrooms | $398.9K | $498K | +24.8% |
5+ Bedrooms | $1.9M | $446.9K | -77.4% |
Summary: Redbud 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 decreased by 1.2%, 3 bedroom homes increased by 32%, 4 bedroom homes increased by 24.8%, and 5+ bedroom homes decreased by 77.4%.
Median Sold Price Compared To Nearby Cities
Sugar Valley-Resaca | $239K | $269K | +12.6% |
Redbud | $280K | $297.5K | +6.3% |
Ludville | $356.2K | $342.7K | -3.8% |
Housing Supply in Redbud, GA
How many homes are available in Redbud, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 47 | +6.8% |
Summary: The Redbud real estate market had 47 homes for sale in April 2024, a 6.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 27 | 24 | -11.1% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Redbud 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 increased by 33.3%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Redbud in April 2024, down by 55.6% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Redbud, GA
How long does it take to sell a home in Redbud, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
172 Days | 92 Days | -46.2% |
Summary: Homes in Redbud had an average of 92 days on market in Apr 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Redbud; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.