Is Locust Grove, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Locust Grove has remained a Seller's Market.
Housing Prices in Locust Grove, GA
How much do homes in Locust Grove, GA cost?
Median Sold Price
$350,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Locust Grove was $350,000 in April 2024, up 1.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $318K | $185K | -41.8% |
3 Bedrooms | $275K | $280K | +1.8% |
4 Bedrooms | $360K | $360K | 0.0% |
5+ Bedrooms | $469.2K | $472.2K | +0.6% |
Summary: Locust Grove 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 41.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.6%.
Housing Supply in Locust Grove, GA
How many homes are available in Locust Grove, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
273 | 288 | +5.5% |
Summary: The Locust Grove real estate market had 288 homes for sale in April 2024, a 5.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 72 | 79 | +9.7% |
4 Bedrooms | 107 | 111 | +3.7% |
5+ Bedrooms | 93 | 97 | +4.3% |
Summary: The Locust Grove housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
60 | 49 | -18.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Locust Grove in April 2024, down by 18.3% month-over-month. Of the 44 sold homes, 41% were sold under asking, 30% were sold at asking, and 30% were sold over asking.
Days on Market for Locust Grove, GA
How long does it take to sell a home in Locust Grove, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
44 Days | 47 Days | +7.7% |
Summary: Homes in Locust Grove had an average of 47 days on market in Apr 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Locust Grove; 45% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.