Is Macon, 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, Macon was a Seller's Market.
Key Takeaway
Macon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Macon, GA
How much do homes in Macon, GA cost?
Median Sold Price
$177,595
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Macon have sold for 47.2% more than they did a year ago.
Summary: The median home sold price in Macon was $177,595 in April 2024, up 47.2% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $34K | $38.5K | +13.2% |
| 2 Bedrooms | $39.4K | $50.4K | +27.8% |
| 3 Bedrooms | $111.3K | $165.2K | +48.4% |
| 4 Bedrooms | $220.5K | $248.6K | +12.7% |
| 5+ Bedrooms | $347K | $347K | 0.0% |
Summary: Macon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.2%, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 48.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Macon | $120.6K | $177.5K | +47.2% |
| Macon West | $131.6K | $147.5K | +12.1% |
| Macon East | $108K | $119K | +10.2% |
| Rutland | $290K | $254.7K | -12.2% |
Housing Supply in Macon, GA
How many homes are available in Macon, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 745 | 880 | +18.1% |
Summary: The Macon real estate market had 880 homes for sale in April 2024, a 18.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 110 | 122 | +10.9% |
| 3 Bedrooms | 352 | 420 | +19.3% |
| 4 Bedrooms | 206 | 249 | +20.9% |
| 5+ Bedrooms | 72 | 82 | +13.9% |
Summary: The Macon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 19.3%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 13.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 106 | 133 | +25.5% |
Asking Price vs. Sold Price
72 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 133 homes were sold or pending in Macon in April 2024, up by 25.5% month-over-month. Of the 117 sold homes, 62% were sold under asking, 23% were sold at asking, and 15% were sold over asking.
Days on Market for Macon, GA
How long does it take to sell a home in Macon, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 37 Days | 42 Days | +13.7% |
Summary: Homes in Macon had an average of 42 days on market in Apr 2024, up by 13.7% compared to last year.
Breakdown of Home Sale Times
79 Homes Were Sold
Under 30 Days
37 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 133 homes were sold in Macon; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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