Is Rex, 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, Rex was a Seller's Market.
Key Takeaway
Rex 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 Rex, GA
How much do homes in Rex, GA cost?
Median Sold Price
$255,000
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Rex have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Rex was $255,000 in April 2024, down 2.2% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $278.4K | N/A |
| 3 Bedrooms | $249K | $248K | -0.4% |
| 4 Bedrooms | $280K | $290K | +3.6% |
| 5+ Bedrooms | $330K | $290K | -12.1% |
Summary: Rex 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 did not change, 3 bedroom homes decreased by 0.4%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 12.1%.
Median Sold Price Compared To Nearby Cities
| Forest Park-Morrow | $232.5K | $232.2K | -0.1% |
| Ellenwood | $306.1K | $300K | -2.0% |
| Rex | $260.7K | $255K | -2.2% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 102 | 114 | +11.8% |
Summary: The Rex real estate market had 114 homes for sale in April 2024, a 11.8% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 68 | 75 | +10.3% |
| 4 Bedrooms | 29 | 29 | 0.0% |
| 5+ Bedrooms | 4 | 9 | +125.0% |
Summary: The Rex 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 10.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 125%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 17 | -5.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Rex, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Rex in April 2024, down by 5.6% month-over-month. Of the 14 sold homes, 71% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Rex, GA
How long does it take to sell a home in Rex, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +3.1% |
Summary: Homes in Rex had an average of 26 days on market in Apr 2024, up by 3.1% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rex are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Rex; 53% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.