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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Auburn is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Auburn was a Seller's Market.

Key Takeaway

Auburn is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Auburn, GA

How much do homes in Auburn, GA cost?

Median Sold Price

$404,250

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$19,015(+4.9%)

Key Takeaway

Homes in Auburn have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Auburn was $404,250 in November 2024, up 4.9% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $234K$230K
-1.7%
3 $319.8K$330K
+3.2%
4 $425K$427.4K
+0.6%
5+ $520K$560K
+7.7%

Summary: Auburn housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 7.7%.

Median Sold Price Compared To Nearby Cities

Dacula-Rocky Creek
+7.8%
Auburn
+4.9%

Housing Supply in Auburn, GA

How many homes are available in Auburn, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
152154+1.3%

Summary: The Auburn real estate market had 154 homes for sale in November 2024, a 1.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 5151
0.0%
4 5344
-17.0%
5+ 4758
+23.4%

Summary: The Auburn housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 17%, and 5+ bedroom homes increased by 23.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Auburn, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Auburn in November 2024, down by 18.5% month-over-month. Of the 21 sold homes, 62% were sold under asking, 19% were sold at asking, and 19% were sold over asking.

Days on Market for Auburn, GA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days46 Days+8.6%

Summary: Homes in Auburn had an average of 46 days on market in Nov 2024, up by 8.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 22 homes were sold in Auburn; 45% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 14% 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 21 Days Ago

Newest Listings in Auburn, GA

Nearby Markets to Auburn, GA

What housing markets are near Auburn, GA?