Is Carnesville, 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, Carnesville was a Seller's Market.
Key Takeaway
Carnesville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Carnesville, GA
How much do homes in Carnesville, GA cost?
Median Sold Price
$260,000
$165/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carnesville have sold for 10.3% less than they did a year ago.
Summary: The median home sold price in Carnesville was $260,000 in May 2024, down 10.3% from last year, and the median price per square foot was $165.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $240K | - | N/A |
| 2 Bedrooms | $170K | $175K | +2.9% |
| 3 Bedrooms | $288.9K | $257K | -11.1% |
| 4 Bedrooms | $339.3K | $362.5K | +6.8% |
| 5+ Bedrooms | $235K | $540K | +129.8% |
Summary: Carnesville 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 2.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 129.8%.
Housing Supply in Carnesville, GA
How many homes are available in Carnesville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 19 | 18 | -5.3% |
Summary: The Carnesville real estate market had 18 homes for sale in May 2024, a 5.3% decrease 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Carnesville 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Carnesville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Carnesville in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Carnesville, GA
How long does it take to sell a home in Carnesville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 72 Days | -18 Days | -125.0% |
Summary: Homes in Carnesville had an average of -18 days on market in May 2024, down by 125% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Carnesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Carnesville; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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