Is Flowery Branch, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Flowery Branch has remained a Seller's Market.
Housing Prices in Flowery Branch, GA
How much do homes in Flowery Branch, GA cost?
Median Sold Price
$430,666
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Flowery Branch was $430,666 in May 2024, up 0.2% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $215K | N/A |
2 Bedrooms | $290K | $295K | +1.7% |
3 Bedrooms | $360K | $377K | +4.7% |
4 Bedrooms | $460K | $471.5K | +2.5% |
5+ Bedrooms | $576K | $599K | +4.0% |
Summary: Flowery Branch housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 4%.
Median Sold Price Compared To Nearby Cities
Oakwood | $299.9K | $333.9K | +11.3% |
Flowery Branch | $429.8K | $430.6K | 0.2% |
Housing Supply in Flowery Branch, GA
How many homes are available in Flowery Branch, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
239 | 271 | +13.4% |
Summary: The Flowery Branch real estate market had 271 homes for sale in May 2024, a 13.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 22 | +100.0% |
3 Bedrooms | 63 | 67 | +6.3% |
4 Bedrooms | 104 | 118 | +13.5% |
5+ Bedrooms | 59 | 61 | +3.4% |
Summary: The Flowery Branch housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 3.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
59 | 54 | -8.5% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Flowery Branch in May 2024, down by 8.5% month-over-month. Of the 52 sold homes, 65% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Flowery Branch, GA
How long does it take to sell a home in Flowery Branch, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 50 Days | +28.0% |
Summary: Homes in Flowery Branch had an average of 50 days on market in May 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 54 homes were sold in Flowery Branch; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.