Is Peachtree City, 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, Peachtree City has remained a Seller's Market.
Key Takeaway
Peachtree City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Peachtree City, GA
How much do homes in Peachtree City, GA cost?
Median Sold Price
$556,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Peachtree City have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Peachtree City was $556,500 in May 2024, up 6.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $210K | $196.5K | -6.4% |
| 2 Bedrooms | $360K | $375K | +4.2% |
| 3 Bedrooms | $388K | $460K | +18.6% |
| 4 Bedrooms | $535K | $589.9K | +10.3% |
| 5+ Bedrooms | $630K | $799K | +26.8% |
Summary: Peachtree City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
| Peachtree City-Tyrone | $540.3K | $598K | +10.7% |
| Tyrone | $535K | $589K | +10.1% |
| Peachtree City | $522.4K | $556.5K | +6.5% |
| Senoia | $524.3K | $538.9K | +2.8% |
Housing Supply in Peachtree City, GA
How many homes are available in Peachtree City, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 159 | 182 | +14.5% |
Summary: The Peachtree City real estate market had 182 homes for sale in May 2024, a 14.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 51 | 60 | +17.6% |
| 4 Bedrooms | 50 | 61 | +22.0% |
| 5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Peachtree City housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 52 | +10.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Peachtree City, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Peachtree City in May 2024, up by 10.6% month-over-month. Of the 44 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for Peachtree City, GA
How long does it take to sell a home in Peachtree City, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 18 Days | -12.6% |
Summary: Homes in Peachtree City had an average of 18 days on market in May 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Peachtree City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 52 homes were sold in Peachtree City; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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.