Is Banks County, 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, Banks County was a Neutral Market.
Key Takeaway
Banks County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Banks County, GA
How much do homes in Banks County, GA cost?
Median Sold Price
$337,175
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Banks County have sold for 7% more than they did a year ago.
Summary: The median home sold price in Banks County was $337,175 in April 2024, up 7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186.4K | $117.7K | -36.8% |
| 2 Bedrooms | $156.5K | $225K | +43.8% |
| 3 Bedrooms | $300K | $310K | +3.3% |
| 4 Bedrooms | $369K | $383.5K | +3.9% |
| 5+ Bedrooms | $530K | $463.3K | -12.6% |
Summary: Banks County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Counties
| Stephens County | $215K | $237.5K | +10.5% |
| Banks County | $315K | $337.1K | +7.0% |
| Hall County | $372.8K | $388.7K | +4.3% |
| Jackson County | $411.7K | $426.9K | +3.7% |
| Franklin County | $254K | $262.5K | +3.3% |
Housing Supply in Banks County, GA
How many homes are available in Banks County, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 107 | +0.9% |
Summary: The Banks County real estate market had 107 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 40 | 37 | -7.5% |
| 4 Bedrooms | 43 | 45 | +4.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Banks County 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 decreased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 27 | +58.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banks County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Banks County in April 2024, up by 58.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Banks County, GA
How long does it take to sell a home in Banks County, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 25 Days | 69 Days | +169.9% |
Summary: Homes in Banks County had an average of 69 days on market in Apr 2024, up by 169.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Banks County has remained consistent over time.
Summary: During April 2024, 27 homes were sold in Banks County; 37% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 15% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.