Is Barrow County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Barrow County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Barrow County has remained a Seller's Market.

Key Takeaway

Barrow County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$14,927(+4.4%)

Key Takeaway

Homes in Barrow County have sold for 4.4% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $80K$155K
+93.8%
2 $215K$230K
+7.0%
3 $305K$315K
+3.3%
4 $379.9K$382K
+0.6%
5+ $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
+4.7%
Barrow County
+4.4%
Jackson County
+4.3%
Oconee County
+1.9%
Walton County
-0.8%

Housing Supply in Barrow County, GA

How many homes are available in Barrow County, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
604661+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

# BEDSApr 2024May 2024CHANGE
1 12
+100.0%
2 2021
+5.0%
3 210227
+8.1%
4 241270
+12.0%
5+ 132141
+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 2024May 2024CHANGE
140131-6.4%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

47 Homes Were Sold
At Asking

32 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Barrow County, expect to pay close to the asking price. 38.2% of homes here sold near the asking price last month.

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 2023May 2024CHANGE
34 Days34 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Barrow County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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