Is Ringgold, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ringgold is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Ringgold has remained a Seller's Market.

Key Takeaway

Ringgold is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$11,157(+3.7%)

Key Takeaway

Homes in Ringgold have sold for 3.7% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 -$210K
N/A
2 $170K$200K
+17.6%
3 $279K$300K
+7.5%
4 $383K$411K
+7.3%
5+ $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
+9.4%
Catoosa Springs
+6.7%
Ringgold
+3.7%

Housing Supply in Ringgold, GA

How many homes are available in Ringgold, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
219241+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

# BEDSApr 2024May 2024CHANGE
1 21
-50.0%
2 3031
+3.3%
3 112116
+3.6%
4 6370
+11.1%
5+ 1223
+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 2024May 2024CHANGE
6048-20.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

16 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ringgold, you may be able to get a good deal. 40.4% of homes here sold below asking price last month.

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 2023May 2024CHANGE
30 Days55 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ringgold are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

Newest Listings in Ringgold, GA

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