$2,730 Closing Credit*
$229,900
1,248 SqFt
3 Beds
•2 Full Baths
Lisa P Williams, Listing Office: Purdy Real Estate
Is Banks County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Banks County was a Neutral Market.
Key Takeaway
Banks County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Banks County, GA
How much do homes in Banks County, GA cost?
Median Sold Price
$349,364
$186/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$11,031(+3.3%)
Key Takeaway
Homes in Banks County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Banks County was $349,364 in November 2024, up 3.3% from last year, and the median price per square foot was $186.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $173.5K | $190K | +9.5% |
| 2 Bedrooms | $230K | $224.9K | -2.2% |
| 3 Bedrooms | $304.5K | $315.5K | +3.6% |
| 4 Bedrooms | $365.9K | $415.6K | +13.6% |
| 5+ Bedrooms | $463.3K | $409.9K | -11.5% |
Summary: Banks County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 11.5%.
Median Sold Price Compared To Nearby Counties
| Stephens County | $225K | $252.6K | +12.3% |
| Franklin County | $251.6K | $269.9K | +7.3% |
| Hall County | $380.1K | $399.6K | +5.1% |
| Jackson County | $417.3K | $435K | +4.3% |
| Banks County | $338.3K | $349.3K | +3.3% |
Housing Supply in Banks County, GA
How many homes are available in Banks County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 109 | 0.0% |
Summary: The Banks County real estate market had 109 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 44 | 41 | -6.8% |
| 4 Bedrooms | 35 | 29 | -17.1% |
| 5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Banks County 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 increased by 33.3%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 17.1%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 15 | -34.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Banks County, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Banks County in November 2024, down by 34.8% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for Banks County, GA
How long does it take to sell a home in Banks County, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 66 Days | +49.1% |
Summary: Homes in Banks County had an average of 66 days on market in Nov 2024, up by 49.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Banks County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Banks County; 47% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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