Is Boynton Ridge, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Boynton Ridge is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Boynton Ridge, GA

How much do homes in Boynton Ridge, GA cost?

Median Sold Price

$355,000

$189/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.9%)

Key Takeaway

Homes in Boynton Ridge have sold for 2.9% more than they did a year ago.

Summary: The median home sold price in Boynton Ridge was $355,000 in October 2024, up 2.9% from last year, and the median price per square foot was $189.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $210K$85K
-59.5%
2 $231K$280K
+21.2%
3 $311K$339K
+9.0%
4 $478.3K$415K
-13.2%
5+ $520K$599.9K
+15.4%

Summary: Boynton Ridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59.5%, 2 bedroom homes increased by 21.2%, 3 bedroom homes increased by 9%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes increased by 15.4%.

Median Sold Price Compared To Nearby Cities

Ringgold
+5.1%
Rossville-Beverly Hills
+3.0%
Boynton Ridge
+2.9%
Fort Oglethorpe-Lakeview
+2.1%
Fort Oglethorpe
-0.4%

Housing Supply in Boynton Ridge, GA

How many homes are available in Boynton Ridge, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
133117-12.0%

Summary: The Boynton Ridge real estate market had 117 homes for sale in October 2024, a 12.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 128
-33.3%
3 6757
-14.9%
4 4745
-4.3%
5+ 77
0.0%

Summary: The Boynton Ridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Boynton Ridge, you may be able to get a good deal. 45.8% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Boynton Ridge in October 2024, down by 31.4% month-over-month. Of the 24 sold homes, 46% were sold under asking, 46% were sold at asking, and 8% were sold over asking.

Days on Market for Boynton Ridge, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days42 Days+179.7%

Summary: Homes in Boynton Ridge had an average of 42 days on market in Oct 2024, up by 179.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 24 homes were sold in Boynton Ridge; 25% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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 16 Days Ago

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