Is Grovetown-Harlem, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Grovetown-Harlem has remained a Seller's Market.
Key Takeaway
Grovetown-Harlem is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Grovetown-Harlem, GA
How much do homes in Grovetown-Harlem, GA cost?
Median Sold Price
$325,000
$139/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Grovetown-Harlem have sold for 8.4% more than they did a month ago.
Summary: The median home sold price in Grovetown-Harlem was $325,000 in May 2024, up 8.4% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $325K | $286K | -12.0% |
| 4 Bedrooms | $294.4K | $325K | +10.4% |
| 5+ Bedrooms | - | $332K | N/A |
Summary: Grovetown-Harlem housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Harlem | $299.9K | $332K | +10.7% |
| Grovetown-Harlem | $299.9K | $325K | +8.4% |
| Grovetown | $289K | $297K | +2.8% |
Housing Supply in Grovetown-Harlem, GA
How many homes are available in Grovetown-Harlem, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Summary: The Grovetown-Harlem real estate market had 11 homes for sale in May 2024, a 15.4% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 5 | 4 | -20.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Grovetown-Harlem 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 decreased by 50%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Grovetown-Harlem, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Grovetown-Harlem in May 2024, up by 25.0% month-over-month. Of the 5 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for Grovetown-Harlem, GA
How long does it take to sell a home in Grovetown-Harlem, GA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 127 Days | 49 Days | -61.4% |
Summary: Homes in Grovetown-Harlem had an average of 49 days on market in May 2024, down by 61.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Grovetown-Harlem has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Grovetown-Harlem; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
