Is Reed Creek, 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, Reed Creek has remained a Seller's Market.
Housing Prices in Reed Creek, GA
How much do homes in Reed Creek, GA cost?
Median Sold Price
$450,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Reed Creek was $450,000 in April 2024, up 9.8% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $304.5K | $295K | -3.1% |
3 Bedrooms | $300.9K | $289K | -4.0% |
4 Bedrooms | $410K | $856.5K | +108.9% |
5+ Bedrooms | $1.0M | $1.2M | +22.5% |
Summary: Reed Creek 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 3.1%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 108.9%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in Reed Creek, GA
How many homes are available in Reed Creek, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
64 | 69 | +7.8% |
Summary: The Reed Creek real estate market had 69 homes for sale in April 2024, a 7.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 17 | 23 | +35.3% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 16 | 14 | -12.5% |
Summary: The Reed Creek 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 remained the same, 3 bedroom homes increased by 35.3%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 13 | -18.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Reed Creek in April 2024, down by 18.8% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Reed Creek, GA
How long does it take to sell a home in Reed Creek, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 44 Days | +44.1% |
Summary: Homes in Reed Creek had an average of 44 days on market in Apr 2024, up by 44.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Reed Creek; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.