Is Townsend, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Townsend was a Buyer's Market.
Key Takeaway
Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Townsend, GA
How much do homes in Townsend, GA cost?
Median Sold Price
$345,000
$254/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Townsend have sold for 19.8% less than they did a month ago.
Summary: The median home sold price in Townsend was $345,000 in April 2024, down 19.8% from last month, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $345K | N/A |
| 3 Bedrooms | $430K | $361.5K | -15.9% |
| 4 Bedrooms | - | $391.4K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Townsend housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 15.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Townsend, GA
How many homes are available in Townsend, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Townsend real estate market had 43 homes for sale in April 2024, a 7.5% 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 | 9 | 10 | +11.1% |
| 3 Bedrooms | 18 | 19 | +5.6% |
| 4 Bedrooms | 13 | 14 | +7.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Townsend 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 11.1%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Townsend in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.
Days on Market for Townsend, GA
How long does it take to sell a home in Townsend, GA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 92 Days | +20.6% |
Summary: Homes in Townsend had an average of 92 days on market in Apr 2024, up by 20.6% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Townsend are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 9 homes were sold in Townsend; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 33% 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.