Is Calhoun, 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, Calhoun has remained a Seller's Market.
Key Takeaway
Calhoun is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Calhoun, GA
How much do homes in Calhoun, GA cost?
Median Sold Price
$270,000
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Calhoun have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Calhoun was $270,000 in May 2024, up 2.9% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $112.1K | $165K | +47.2% |
| 2 Bedrooms | $187K | $196K | +4.8% |
| 3 Bedrooms | $255.9K | $260K | +1.6% |
| 4 Bedrooms | $295.9K | $310K | +4.7% |
| 5+ Bedrooms | $388.5K | $386K | -0.6% |
Summary: Calhoun housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.2%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 0.6%.
Median Sold Price Compared To Nearby Cities
| Sugar Valley-Resaca | $239K | $269.4K | +12.7% |
| Resaca | $221.5K | $247.7K | +11.8% |
| Calhoun | $262.3K | $270K | +2.9% |
Housing Supply in Calhoun, GA
How many homes are available in Calhoun, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 154 | 182 | +18.2% |
Summary: The Calhoun real estate market had 182 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 81 | 97 | +19.8% |
| 4 Bedrooms | 46 | 47 | +2.2% |
| 5+ Bedrooms | 17 | 22 | +29.4% |
Summary: The Calhoun 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 increased by 60%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 29.4%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 33 | -19.5% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Calhoun, you may be able to get a good deal. 57.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Calhoun in May 2024, down by 19.5% month-over-month. Of the 33 sold homes, 58% were sold under asking, 9% were sold at asking, and 33% were sold over asking.
Days on Market for Calhoun, GA
How long does it take to sell a home in Calhoun, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 31 Days | +7.0% |
Summary: Homes in Calhoun had an average of 31 days on market in May 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Calhoun are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Calhoun; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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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®.
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