Is Ball Ground, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ball Ground was a Seller's Market.
Key Takeaway
Ball Ground is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ball Ground, GA
How much do homes in Ball Ground, GA cost?
Median Sold Price
$461,666
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ball Ground have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Ball Ground was $461,666 in May 2024, up 12.6% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $157K | - | N/A |
| 2 Bedrooms | $321K | $266.7K | -16.9% |
| 3 Bedrooms | $351.9K | $389.9K | +10.8% |
| 4 Bedrooms | $490K | $508.5K | +3.8% |
| 5+ Bedrooms | $645K | $679.9K | +5.4% |
Summary: Ball Ground 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 decreased by 16.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 5.4%.
Housing Supply in Ball Ground, GA
How many homes are available in Ball Ground, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 160 | 162 | +1.3% |
Summary: The Ball Ground real estate market had 162 homes for sale in May 2024, a 1.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 56 | 58 | +3.6% |
| 4 Bedrooms | 58 | 57 | -1.7% |
| 5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The Ball Ground housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 3.6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 18 | -43.8% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ball Ground, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Ball Ground in May 2024, down by 43.8% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for Ball Ground, GA
How long does it take to sell a home in Ball Ground, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 59 Days | 0.1% |
Summary: Homes in Ball Ground had an average of 59 days on market in May 2024, up by 0.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ball Ground are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 18 homes were sold in Ball Ground; 56% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 28% 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.