Is Ringgold, 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, Ringgold has remained a Seller's Market.
Housing Prices in Ringgold, GA
How much do homes in Ringgold, GA cost?
Median Sold Price
$311,157
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ringgold was $311,157 in May 2024, up 3.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $170K | $200K | +17.6% |
3 Bedrooms | $279K | $300K | +7.5% |
4 Bedrooms | $383K | $411K | +7.3% |
5+ Bedrooms | $434.2K | $470.5K | +8.3% |
Summary: Ringgold 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 17.6%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 8.3%.
Median Sold Price Compared To Nearby Cities
Boynton Ridge | $309.9K | $339K | +9.4% |
Catoosa Springs | $262.2K | $279.9K | +6.7% |
Ringgold | $300K | $311.1K | +3.7% |
Housing Supply in Ringgold, GA
How many homes are available in Ringgold, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
219 | 241 | +10.0% |
Summary: The Ringgold real estate market had 241 homes for sale in May 2024, a 10.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 30 | 31 | +3.3% |
3 Bedrooms | 112 | 116 | +3.6% |
4 Bedrooms | 63 | 70 | +11.1% |
5+ Bedrooms | 12 | 23 | +91.7% |
Summary: The Ringgold housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 91.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 48 | -20.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Ringgold in May 2024, down by 20.0% month-over-month. Of the 47 sold homes, 40% were sold under asking, 34% were sold at asking, and 26% were sold over asking.
Days on Market for Ringgold, GA
How long does it take to sell a home in Ringgold, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
30 Days | 55 Days | +83.0% |
Summary: Homes in Ringgold had an average of 55 days on market in May 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 48 homes were sold in Ringgold; 19% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.