Is Spalding 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, Spalding County has remained a Seller's Market.
Key Takeaway
Spalding County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spalding County, GA
How much do homes in Spalding County, GA cost?
Median Sold Price
$250,285
$152/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Spalding County has remained the same since last year.
Summary: The median home sold price in Spalding County was $250,285 in May 2024, down 0.1% from last year, and the median price per square foot was $152.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $140K | $146.6K | +4.7% |
| 2 Bedrooms | $185K | $182K | -1.6% |
| 3 Bedrooms | $225K | $229.3K | +1.9% |
| 4 Bedrooms | $309.9K | $324.7K | +4.8% |
| 5+ Bedrooms | $400.4K | $399.9K | -0.1% |
Summary: Spalding County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 0.1%.
Median Sold Price Compared To Nearby Counties
| Pike County | $333.5K | $380K | +13.9% |
| Lamar County | $239.9K | $259.8K | +8.3% |
| Fayette County | $456.3K | $485K | +6.3% |
| Clayton County | $240K | $242.3K | +1.0% |
| Spalding County | $250.6K | $250.2K | -0.1% |
Housing Supply in Spalding County, GA
How many homes are available in Spalding County, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 417 | 442 | +6.0% |
Summary: The Spalding County real estate market had 442 homes for sale in May 2024, a 6.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 10 | +25.0% |
| 2 Bedrooms | 58 | 62 | +6.9% |
| 3 Bedrooms | 194 | 206 | +6.2% |
| 4 Bedrooms | 127 | 127 | 0.0% |
| 5+ Bedrooms | 30 | 37 | +23.3% |
Summary: The Spalding County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 6.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 23.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 86 | 80 | -7.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spalding County, you may be able to get a good deal. 55.7% of homes here sold below asking price last month.
Summary: A total of 80 homes were sold or pending in Spalding County in May 2024, down by 7.0% month-over-month. Of the 70 sold homes, 56% were sold under asking, 26% were sold at asking, and 19% were sold over asking.
Days on Market for Spalding County, GA
How long does it take to sell a home in Spalding County, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 42 Days | 40 Days | -3.2% |
Summary: Homes in Spalding County had an average of 40 days on market in May 2024, down by 3.2% compared to last year.
Breakdown of Home Sale Times
50 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spalding County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 80 homes were sold in Spalding County; 63% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.