Is McDonough, 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, McDonough was a Seller's Market.
Key Takeaway
McDonough 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 McDonough, GA
How much do homes in McDonough, GA cost?
Median Sold Price
$364,644
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in McDonough have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in McDonough was $364,644 in April 2024, up 2.6% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $280K | N/A |
| 2 Bedrooms | $236.5K | $259K | +9.5% |
| 3 Bedrooms | $289.2K | $300K | +3.7% |
| 4 Bedrooms | $374.9K | $375K | 0.0% |
| 5+ Bedrooms | $450K | $485K | +7.8% |
Summary: McDonough 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 increased by 9.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 7.8%.
Housing Supply in McDonough, GA
How many homes are available in McDonough, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 708 | 826 | +16.7% |
Summary: The McDonough real estate market had 826 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 252 | 287 | +13.9% |
| 4 Bedrooms | 270 | 311 | +15.2% |
| 5+ Bedrooms | 164 | 201 | +22.6% |
Summary: The McDonough housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 13.9%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes increased by 22.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 137 | 131 | -4.4% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McDonough, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.
Summary: A total of 131 homes were sold or pending in McDonough in April 2024, down by 4.4% month-over-month. Of the 115 sold homes, 48% were sold under asking, 30% were sold at asking, and 23% were sold over asking.
Days on Market for McDonough, GA
How long does it take to sell a home in McDonough, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 43 Days | 46 Days | +6.7% |
Summary: Homes in McDonough had an average of 46 days on market in Apr 2024, up by 6.7% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McDonough are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 131 homes were sold in McDonough; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% 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.