Is Social Circle, 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, Social Circle has remained a Seller's Market.
Housing Prices in Social Circle, GA
How much do homes in Social Circle, GA cost?
Median Sold Price
$385,000
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Social Circle was $385,000 in May 2024, up 5.3% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $225K | $235K | +4.4% |
3 Bedrooms | $349K | $378K | +8.3% |
4 Bedrooms | $434.4K | $445K | +2.4% |
5+ Bedrooms | $499K | $605K | +21.2% |
Summary: Social Circle 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 4.4%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 21.2%.
Housing Supply in Social Circle, GA
How many homes are available in Social Circle, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
78 | 81 | +3.8% |
Summary: The Social Circle real estate market had 81 homes for sale in May 2024, a 3.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 50 | 50 | 0.0% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Social Circle 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 increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 17 | +112.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Social Circle in May 2024, up by 112.5% month-over-month. Of the 15 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Social Circle, GA
How long does it take to sell a home in Social Circle, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
63 Days | 39 Days | -36.9% |
Summary: Homes in Social Circle had an average of 39 days on market in May 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Social Circle; 59% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.