Is Hapeville, 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, Hapeville was a Seller's Market.
Key Takeaway
Hapeville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hapeville, GA
How much do homes in Hapeville, GA cost?
Median Sold Price
$305,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hapeville have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Hapeville was $305,000 in May 2024, up 4.3% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $234K | +26.5% |
| 2 Bedrooms | $230K | $243.5K | +5.9% |
| 3 Bedrooms | $320K | $315K | -1.6% |
| 4 Bedrooms | $399.9K | $457.5K | +14.4% |
| 5+ Bedrooms | $376.5K | $444.5K | +18.1% |
Summary: Hapeville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 14.4%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Atlanta | $399.9K | $418.1K | +4.5% |
| Hapeville | $292.4K | $305K | +4.3% |
| East Point | $295K | $295K | 0.0% |
Housing Supply in Hapeville, GA
How many homes are available in Hapeville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Hapeville real estate market had 52 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 0 | -100.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 27 | 25 | -7.4% |
| 4 Bedrooms | 8 | 12 | +50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Hapeville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 7.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hapeville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hapeville in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Hapeville, GA
How long does it take to sell a home in Hapeville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 97 Days | 56 Days | -41.8% |
Summary: Homes in Hapeville had an average of 56 days on market in May 2024, down by 41.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hapeville has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Hapeville; 17% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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