$159,500
3.00 Acres
Land
Vicki Stouffer, Listing Office: Maximum One Premier Realtors
Is Blacks Mill, 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, Blacks Mill was a Seller's Market.
Key Takeaway
Blacks Mill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Blacks Mill, GA
How much do homes in Blacks Mill, GA cost?
Median Sold Price
$464,000
$206/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,505(+8.3%)
Key Takeaway
Homes in Blacks Mill have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Blacks Mill was $464,000 in November 2024, up 8.3% from last year, and the median price per square foot was $206.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $318K | - | N/A |
| 2 Bedrooms | $277.6K | $275K | -0.9% |
| 3 Bedrooms | $352.4K | $395K | +12.1% |
| 4 Bedrooms | $488.7K | $547.5K | +12.0% |
| 5+ Bedrooms | $697.7K | $636.8K | -8.7% |
Summary: Blacks Mill 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 0.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 12%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Blacks Mill | $428.4K | $464K | +8.3% |
| Murrayville | $400K | $420K | +5.0% |
| Dawsonville | $410K | $429.4K | +4.7% |
Housing Supply in Blacks Mill, GA
How many homes are available in Blacks Mill, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 158 | 164 | +3.8% |
Summary: The Blacks Mill real estate market had 164 homes for sale in November 2024, a 3.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 57 | 64 | +12.3% |
| 4 Bedrooms | 50 | 46 | -8.0% |
| 5+ Bedrooms | 49 | 50 | +2.0% |
Summary: The Blacks Mill 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 100%, 3 bedroom homes increased by 12.3%, 4 bedroom homes decreased by 8%, and 5+ bedroom homes increased by 2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 21 | -19.2% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Blacks Mill, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Blacks Mill in November 2024, down by 19.2% month-over-month. Of the 21 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Blacks Mill, GA
How long does it take to sell a home in Blacks Mill, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 48 Days | +39.7% |
Summary: Homes in Blacks Mill had an average of 48 days on market in Nov 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Blacks Mill has remained consistent over time.
Summary: During November 2024, 21 homes were sold in Blacks Mill; 33% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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