Is Commerce, 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, Commerce was a Neutral Market.
Housing Prices in Commerce, GA
How much do homes in Commerce, GA cost?
Median Sold Price
$323,898
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Commerce was $323,898 in April 2024, up 11.7% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $175K | N/A |
2 Bedrooms | $189.9K | $175K | -7.9% |
3 Bedrooms | $279K | $305K | +9.3% |
4 Bedrooms | $347.9K | $384.2K | +10.4% |
5+ Bedrooms | $338K | $447.4K | +32.4% |
Summary: Commerce 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 7.9%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 32.4%.
Median Sold Price Compared To Nearby Cities
Maysville | $300K | $373.2K | +24.4% |
Commerce | $290K | $323.8K | +11.7% |
Housing Supply in Commerce, GA
How many homes are available in Commerce, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
153 | 156 | +2.0% |
Summary: The Commerce real estate market had 156 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 29 | +26.1% |
3 Bedrooms | 57 | 56 | -1.8% |
4 Bedrooms | 57 | 55 | -3.5% |
5+ Bedrooms | 14 | 14 | 0.0% |
Summary: The Commerce 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 26.1%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 33 | -2.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Commerce in April 2024, down by 2.9% month-over-month. Of the 29 sold homes, 41% were sold under asking, 28% were sold at asking, and 31% were sold over asking.
Days on Market for Commerce, GA
How long does it take to sell a home in Commerce, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 62 Days | +144.5% |
Summary: Homes in Commerce had an average of 62 days on market in Apr 2024, up by 144.5% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in Commerce; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.