Is Toombs County, 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, Toombs County has remained a Seller's Market.
Key Takeaway
Toombs County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Toombs County, GA
How much do homes in Toombs County, GA cost?
Median Sold Price
$240,000
$119/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Toombs County have sold for 11.6% more than they did a year ago.
Summary: The median home sold price in Toombs County was $240,000 in May 2024, up 11.6% from last year, and the median price per square foot was $119.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | - | N/A |
| 2 Bedrooms | $15.2K | $109.7K | +619.7% |
| 3 Bedrooms | $215K | $235K | +9.3% |
| 4 Bedrooms | $245K | $295K | +20.4% |
| 5+ Bedrooms | $310K | $368K | +18.7% |
Summary: Toombs County 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 619.7%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 18.7%.
Median Sold Price Compared To Nearby Counties
| Emanuel County | $147K | $168K | +14.3% |
| Toombs County | $215K | $240K | +11.6% |
| Tattnall County | $190K | $199.5K | +5.0% |
| Appling County | $175K | $177.5K | +1.4% |
Housing Supply in Toombs County, GA
How many homes are available in Toombs County, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 29 | 0.0% |
Summary: The Toombs County real estate market had 29 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 18 | 17 | -5.6% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Toombs County 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 100%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 7 | +250.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Toombs County, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Toombs County in May 2024, up by 250.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 0% were sold at asking, and 29% were sold over asking.
Days on Market for Toombs County, GA
How long does it take to sell a home in Toombs County, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 69 Days | 50 Days | -27.0% |
Summary: Homes in Toombs County had an average of 50 days on market in May 2024, down by 27% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Toombs County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Toombs County; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
