Is Porterdale, 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, Porterdale was a Seller's Market.
Key Takeaway
Porterdale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Porterdale, GA
How much do homes in Porterdale, GA cost?
Median Sold Price
$240,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Porterdale have sold for 16.7% more than they did a year ago.
Summary: The median home sold price in Porterdale was $240,500 in May 2024, up 16.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82.5K | - | N/A |
| 2 Bedrooms | $141.5K | $159.7K | +12.9% |
| 3 Bedrooms | $266.5K | $227.5K | -14.6% |
| 4 Bedrooms | $299.9K | $325K | +8.4% |
| 5+ Bedrooms | $445K | $495K | +11.2% |
Summary: Porterdale 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 12.9%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 11.2%.
Median Sold Price Compared To Nearby Cities
| Porterdale | $206K | $240.5K | +16.7% |
| Covington | $300K | $306K | +2.0% |
| Covington-Porterdale | $298.8K | $303K | +1.4% |
Housing Supply in Porterdale, GA
How many homes are available in Porterdale, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Porterdale real estate market had 22 homes for sale in May 2024, a 22.2% 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 | 5 | 5 | 0.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Porterdale 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 20%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
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 Porterdale, 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 Porterdale 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 Porterdale, GA
How long does it take to sell a home in Porterdale, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 32 Days | 66 Days | +104.7% |
Summary: Homes in Porterdale had an average of 66 days on market in May 2024, up by 104.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Porterdale are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Porterdale; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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.