Is Concord-Molena, 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, Concord-Molena has remained a Seller's Market.
Housing Prices in Concord-Molena, GA
How much do homes in Concord-Molena, GA cost?
Median Sold Price
$320,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Concord-Molena was $320,000 in May 2024, up 6.7% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $230K | $200K | -13.0% |
3 Bedrooms | $275K | $277.5K | +0.9% |
4 Bedrooms | $380K | $397.4K | +4.6% |
5+ Bedrooms | $300K | $587.5K | +95.8% |
Summary: Concord-Molena 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 13%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 95.8%.
Median Sold Price Compared To Nearby Cities
Molena | $276.4K | $299.9K | +8.5% |
Concord-Molena | $300K | $320K | +6.7% |
Sunset Village | $209K | $217.5K | +4.1% |
Housing Supply in Concord-Molena, GA
How many homes are available in Concord-Molena, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 19 | +26.7% |
Summary: The Concord-Molena real estate market had 19 homes for sale in May 2024, a 26.7% increase 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 | 1 | 1 | 0.0% |
3 Bedrooms | 7 | 9 | +28.6% |
4 Bedrooms | 5 | 7 | +40.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Concord-Molena 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 increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 5 | +400.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Concord-Molena in May 2024, up by 400.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Concord-Molena, GA
How long does it take to sell a home in Concord-Molena, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
113 Days | 39 Days | -65.2% |
Summary: Homes in Concord-Molena had an average of 39 days on market in May 2024, down by 65.2% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Concord-Molena; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.