Is Clarkesville, 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, Clarkesville was a Seller's Market.
Key Takeaway
Clarkesville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Clarkesville, GA
How much do homes in Clarkesville, GA cost?
Median Sold Price
$354,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Clarkesville have sold for 4.7% less than they did a year ago.
Summary: The median home sold price in Clarkesville was $354,000 in May 2024, down 4.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $295K | $180K | -39.0% |
| 2 Bedrooms | $240K | $240K | 0.0% |
| 3 Bedrooms | $315K | $319K | +1.3% |
| 4 Bedrooms | $574.4K | $425K | -26.0% |
| 5+ Bedrooms | $620K | $732.5K | +18.1% |
Summary: Clarkesville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39%, 2 bedroom homes did not change, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 26%, and 5+ bedroom homes increased by 18.1%.
Housing Supply in Clarkesville, GA
How many homes are available in Clarkesville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 133 | +12.7% |
Summary: The Clarkesville real estate market had 133 homes for sale in May 2024, a 12.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 51 | 59 | +15.7% |
| 4 Bedrooms | 25 | 32 | +28.0% |
| 5+ Bedrooms | 17 | 19 | +11.8% |
Summary: The Clarkesville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 15.7%, 4 bedroom homes increased by 28%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 15 | -31.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Clarkesville, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Clarkesville in May 2024, down by 31.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 15% were sold at asking, and 31% were sold over asking.
Days on Market for Clarkesville, GA
How long does it take to sell a home in Clarkesville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 13 Days | -67.9% |
Summary: Homes in Clarkesville had an average of 13 days on market in May 2024, down by 67.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Clarkesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Clarkesville; 93% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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