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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stockbridge is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Stockbridge, GA

How much do homes in Stockbridge, GA cost?

Median Sold Price

$300,000

$157/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$15,000(-4.8%)

Key Takeaway

Homes in Stockbridge have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in Stockbridge was $300,000 in May 2024, down 4.8% from last year, and the median price per square foot was $157.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$180K
N/A
2 $199.5K$197.5K
-1.0%
3 $267.6K$275.6K
+3.0%
4 $364.2K$338.5K
-7.1%
5+ $434.7K$450K
+3.5%

Summary: Stockbridge 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 1%, 3 bedroom homes increased by 3%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 3.5%.

Housing Supply in Stockbridge, GA

How many homes are available in Stockbridge, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
401415+3.5%

Summary: The Stockbridge real estate market had 415 homes for sale in May 2024, a 3.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 10
-100.0%
2 1921
+10.5%
3 185187
+1.1%
4 118137
+16.1%
5+ 7870
-10.3%

Summary: The Stockbridge 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 10.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 10.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
7976-3.8%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stockbridge, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 76 homes were sold or pending in Stockbridge in May 2024, down by 3.8% month-over-month. Of the 68 sold homes, 37% were sold under asking, 32% were sold at asking, and 31% were sold over asking.

Days on Market for Stockbridge, GA

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

Average Sale Time

May 2023May 2024CHANGE
26 Days36 Days+37.0%

Summary: Homes in Stockbridge had an average of 36 days on market in May 2024, up by 37% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 76 homes were sold in Stockbridge; 57% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 9% 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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