Is Sparta, 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, Sparta was a Seller's Market.
Housing Prices in Sparta, GA
How much do homes in Sparta, GA cost?
Median Sold Price
$417,500
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sparta was $417,500 in May 2024, up 16.8% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $185K | N/A |
2 Bedrooms | $291.5K | $275K | -5.7% |
3 Bedrooms | $311.2K | $396.7K | +27.5% |
4 Bedrooms | $575K | $507.5K | -11.7% |
5+ Bedrooms | $682K | $695.8K | +2.0% |
Summary: Sparta 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 5.7%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 2%.
Housing Supply in Sparta, GA
How many homes are available in Sparta, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 42 | +2.4% |
Summary: The Sparta real estate market had 42 homes for sale in May 2024, a 2.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 21 | 23 | +9.5% |
4 Bedrooms | 11 | 10 | -9.1% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Sparta 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 33.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4 | 6 | +50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Sparta in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Sparta, GA
How long does it take to sell a home in Sparta, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
73 Days | 49 Days | -31.9% |
Summary: Homes in Sparta had an average of 49 days on market in May 2024, down by 31.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Sparta; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.