Is Blue Ridge, 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, Blue Ridge was a Seller's Market.
Key Takeaway
Blue Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blue Ridge, GA
How much do homes in Blue Ridge, GA cost?
Median Sold Price
$603,750
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Blue Ridge have sold for 8.8% more than they did a year ago.
Summary: The median home sold price in Blue Ridge was $603,750 in May 2024, up 8.8% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307.5K | $305K | -0.8% |
| 2 Bedrooms | $375K | $399.9K | +6.7% |
| 3 Bedrooms | $556.3K | $605K | +8.8% |
| 4 Bedrooms | $778.4K | $944.5K | +21.3% |
| 5+ Bedrooms | $1.8M | $1.0M | -42.2% |
Summary: Blue Ridge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 21.3%, and 5+ bedroom homes decreased by 42.2%.
Housing Supply in Blue Ridge, GA
How many homes are available in Blue Ridge, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 396 | 476 | +20.2% |
Summary: The Blue Ridge real estate market had 476 homes for sale in May 2024, a 20.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 64 | 78 | +21.9% |
| 3 Bedrooms | 180 | 217 | +20.6% |
| 4 Bedrooms | 100 | 115 | +15.0% |
| 5+ Bedrooms | 48 | 59 | +22.9% |
Summary: The Blue Ridge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 22.9%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blue Ridge, you may be able to get a good deal. 93.1% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Blue Ridge in May 2024, up by 40.9% month-over-month. Of the 29 sold homes, 93% were sold under asking, 7% were sold at asking, and 0% were sold over asking.
Days on Market for Blue Ridge, GA
How long does it take to sell a home in Blue Ridge, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 57 Days | +17.8% |
Summary: Homes in Blue Ridge had an average of 57 days on market in May 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blue Ridge has remained consistent over time.
Summary: During May 2024, 31 homes were sold in Blue Ridge; 39% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 16% 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 the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
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.