Is Nicholson, 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, Nicholson has remained a Seller's Market.
Housing Prices in Nicholson, GA
How much do homes in Nicholson, GA cost?
Median Sold Price
$309,700
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Nicholson was $309,700 in May 2024, up 22.7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $195K | +8.3% |
3 Bedrooms | $248.7K | $299.9K | +20.6% |
4 Bedrooms | $306K | $405K | +32.4% |
5+ Bedrooms | $385K | $565K | +46.8% |
Summary: Nicholson 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 increased by 8.3%, 3 bedroom homes increased by 20.6%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes increased by 46.8%.
Housing Supply in Nicholson, GA
How many homes are available in Nicholson, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
22 | 21 | -4.5% |
Summary: The Nicholson real estate market had 21 homes for sale in May 2024, a 4.5% 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 | 2 | 2 | 0.0% |
3 Bedrooms | 11 | 13 | +18.2% |
4 Bedrooms | 7 | 4 | -42.9% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Nicholson 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 18.2%, 4 bedroom homes decreased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Nicholson in May 2024, the same as the previous month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Nicholson, GA
How long does it take to sell a home in Nicholson, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
57 Days | 21 Days | -63.2% |
Summary: Homes in Nicholson had an average of 21 days on market in May 2024, down by 63.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Nicholson; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.