Is Barrow 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, Barrow County has remained a Seller's Market.
Housing Prices in Barrow County, GA
How much do homes in Barrow County, GA cost?
Median Sold Price
$354,929
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Barrow County was $354,929 in May 2024, up 4.4% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $155K | +93.8% |
2 Bedrooms | $215K | $230K | +7.0% |
3 Bedrooms | $305K | $315K | +3.3% |
4 Bedrooms | $379.9K | $382K | +0.6% |
5+ Bedrooms | $449K | $520K | +15.8% |
Summary: Barrow County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 93.8%, 2 bedroom homes increased by 7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 15.8%.
Median Sold Price Compared To Nearby Counties
Gwinnett County | $405.1K | $424.1K | +4.7% |
Barrow County | $340K | $354.9K | +4.4% |
Jackson County | $410.1K | $427.8K | +4.3% |
Oconee County | $451.2K | $460K | +1.9% |
Walton County | $399.7K | $396.6K | -0.8% |
Housing Supply in Barrow County, GA
How many homes are available in Barrow County, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
604 | 661 | +9.4% |
Summary: The Barrow County real estate market had 661 homes for sale in May 2024, a 9.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 20 | 21 | +5.0% |
3 Bedrooms | 210 | 227 | +8.1% |
4 Bedrooms | 241 | 270 | +12.0% |
5+ Bedrooms | 132 | 141 | +6.8% |
Summary: The Barrow County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 6.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
140 | 131 | -6.4% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 131 homes were sold or pending in Barrow County in May 2024, down by 6.4% month-over-month. Of the 123 sold homes, 36% were sold under asking, 38% were sold at asking, and 26% were sold over asking.
Days on Market for Barrow County, GA
How long does it take to sell a home in Barrow County, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | -0.6% |
Summary: Homes in Barrow County had an average of 34 days on market in May 2024, down by 0.6% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
32 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 131 homes were sold in Barrow County; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.