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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blakely is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Blakely has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Blakely, GA

How much do homes in Blakely, GA cost?

Median Sold Price

$69,750

$26/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$18,522(-21.0%)

Key Takeaway

Homes in Blakely have sold for 21% less than they did a month ago.

Summary: The median home sold price in Blakely was $69,750 in November 2024, down 21% from last month, and the median price per square foot was $26.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $88.2K$69.7K
-21.0%
4 --
N/A
5+ --
N/A

Summary: Blakely housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 21%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Blakely, GA

How many homes are available in Blakely, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
76-14.3%

Summary: The Blakely real estate market had 6 homes for sale in November 2024, a 14.3% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 75
-28.6%
4 00
0.0%
5+ 01
+100.0%

Summary: The Blakely 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 decreased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blakely, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Blakely in November 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Blakely, GA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
72 Days197 Days+171.7%

Summary: Homes in Blakely had an average of 197 days on market in Nov 2024, up by 171.7% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Blakely are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 2 homes were sold in Blakely; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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

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