Is Greensboro, 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, Greensboro has remained a Seller's Market.
Housing Prices in Greensboro, GA
How much do homes in Greensboro, GA cost?
Median Sold Price
$740,000
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greensboro was $740,000 in May 2024, up 20.7% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $389K | $359K | -7.7% |
3 Bedrooms | $498.4K | $525K | +5.3% |
4 Bedrooms | $822.5K | $850K | +3.3% |
5+ Bedrooms | $1.7M | $1.9M | +12.1% |
Summary: Greensboro 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 7.7%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Greensboro, GA
How many homes are available in Greensboro, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
217 | 239 | +10.1% |
Summary: The Greensboro real estate market had 239 homes for sale in May 2024, a 10.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 61 | 68 | +11.5% |
4 Bedrooms | 79 | 86 | +8.9% |
5+ Bedrooms | 57 | 59 | +3.5% |
Summary: The Greensboro 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 31.6%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 3.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 45 | +32.4% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Greensboro in May 2024, up by 32.4% month-over-month. Of the 42 sold homes, 64% were sold under asking, 26% were sold at asking, and 10% were sold over asking.
Days on Market for Greensboro, GA
How long does it take to sell a home in Greensboro, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
68 Days | 61 Days | -10.4% |
Summary: Homes in Greensboro had an average of 61 days on market in May 2024, down by 10.4% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Greensboro; 49% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.