Is Macon, 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, Macon has remained a Seller's Market.
Key Takeaway
Macon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Macon, GA
How much do homes in Macon, GA cost?
Median Sold Price
$181,900
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Macon have sold for 13.5% more than they did a year ago.
Summary: The median home sold price in Macon was $181,900 in May 2024, up 13.5% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $71K | $61K | -14.1% |
| 2 Bedrooms | $40K | $52K | +30.0% |
| 3 Bedrooms | $139.5K | $166.9K | +19.6% |
| 4 Bedrooms | $250K | $259.6K | +3.9% |
| 5+ Bedrooms | $349.9K | $348.5K | -0.4% |
Summary: Macon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.1%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 19.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Macon | $160.2K | $181.9K | +13.5% |
| Macon West | $139K | $154.8K | +11.4% |
| Macon East | $109.5K | $103K | -5.9% |
| Rutland | $286.1K | $255K | -10.9% |
Housing Supply in Macon, GA
How many homes are available in Macon, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 794 | 914 | +15.1% |
Summary: The Macon real estate market had 914 homes for sale in May 2024, a 15.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 107 | 117 | +9.3% |
| 3 Bedrooms | 379 | 432 | +14.0% |
| 4 Bedrooms | 237 | 275 | +16.0% |
| 5+ Bedrooms | 64 | 84 | +31.3% |
Summary: The Macon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 9.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 31.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 131 | 170 | +29.8% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Macon, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 170 homes were sold or pending in Macon in May 2024, up by 29.8% month-over-month. Of the 146 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Macon, GA
How long does it take to sell a home in Macon, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +7.7% |
Summary: Homes in Macon had an average of 34 days on market in May 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
110 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
22 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Macon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 170 homes were sold in Macon; 65% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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