Is Macedonia, 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, Macedonia was a Seller's Market.
Key Takeaway
Macedonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Macedonia, GA
How much do homes in Macedonia, GA cost?
Median Sold Price
$400,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Macedonia have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in Macedonia was $400,000 in May 2024, up 16.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $79K | $400K | +406.3% |
| 2 Bedrooms | $239.5K | $257.5K | +7.5% |
| 3 Bedrooms | $369K | $425K | +15.2% |
| 4 Bedrooms | $495K | $808.7K | +63.4% |
| 5+ Bedrooms | $2.1M | $925K | -56.0% |
Summary: Macedonia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 406.3%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 15.2%, 4 bedroom homes increased by 63.4%, and 5+ bedroom homes decreased by 56%.
Median Sold Price Compared To Nearby Cities
| Hiawassee Township | $345K | $557.5K | +61.6% |
| Hayesville Township | $360K | $427K | +18.6% |
| Macedonia | $342.5K | $400K | +16.8% |
| Sautee Nacoochee | $377.5K | $392.5K | +4.0% |
Housing Supply in Macedonia, GA
How many homes are available in Macedonia, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 69 | 101 | +46.4% |
Summary: The Macedonia real estate market had 101 homes for sale in May 2024, a 46.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 7 | +133.3% |
| 2 Bedrooms | 22 | 28 | +27.3% |
| 3 Bedrooms | 28 | 38 | +35.7% |
| 4 Bedrooms | 15 | 24 | +60.0% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Macedonia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 133.3%, 2 bedroom homes increased by 27.3%, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 60%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macedonia, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Macedonia in May 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Macedonia, GA
How long does it take to sell a home in Macedonia, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -26.7% |
Summary: Homes in Macedonia had an average of 27 days on market in May 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macedonia are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Macedonia; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.