Is Bogart, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bogart is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Bogart, GA

How much do homes in Bogart, GA cost?

Median Sold Price

$393,093

$185/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$41,093(+11.7%)

Key Takeaway

Homes in Bogart have sold for 11.7% more than they did a year ago.

Summary: The median home sold price in Bogart was $393,093 in May 2024, up 11.7% from last year, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $385K-
N/A
2 $225K$215K
-4.4%
3 $325K$347.5K
+6.9%
4 $395K$430K
+8.9%
5+ $644.5K$580.6K
-9.9%

Summary: Bogart 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 4.4%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 9.9%.

Median Sold Price Compared To Nearby Cities

Bogart
+11.7%
Bogart
+11.4%
Athens
+8.8%

Housing Supply in Bogart, GA

How many homes are available in Bogart, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
233236+1.3%

Summary: The Bogart real estate market had 236 homes for sale in May 2024, a 1.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1920
+5.3%
3 8084
+5.0%
4 9292
0.0%
5+ 4240
-4.8%

Summary: The Bogart 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 5.3%, 3 bedroom homes increased by 5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
5969+16.9%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bogart, you may be able to get a good deal. 50.8% of homes here sold below asking price last month.

Summary: A total of 69 homes were sold or pending in Bogart in May 2024, up by 16.9% month-over-month. Of the 61 sold homes, 51% were sold under asking, 36% were sold at asking, and 13% were sold over asking.

Days on Market for Bogart, GA

How long does it take to sell a home in Bogart, GA?

Average Sale Time

May 2023May 2024CHANGE
28 Days45 Days+61.7%

Summary: Homes in Bogart had an average of 45 days on market in May 2024, up by 61.7% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 69 homes were sold in Bogart; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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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