$5,047 Closing Credit*
$425,000
1,888 SqFt
3 Beds
•2 Full Baths, 1 Partial
Enmanuel Rivera, Listing Office: Keller Williams Realty Atlanta Partners
Is Cardinal Lake Estates, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cardinal Lake Estates was a Buyer's Market.
Key Takeaway
Cardinal Lake Estates is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Cardinal Lake Estates, GA
How much do homes in Cardinal Lake Estates, GA cost?
Median Sold Price
$528,150
$246/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$153,150(+40.8%)
Key Takeaway
Homes in Cardinal Lake Estates have sold for 40.8% more than they did a year ago.
Summary: The median home sold price in Cardinal Lake Estates was $528,150 in October 2024, up 40.8% from last year, and the median price per square foot was $246.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $375K | $398.5K | +6.3% |
| 3 Bedrooms | $365K | $528.1K | +44.7% |
| 4 Bedrooms | $415K | $600K | +44.6% |
| 5+ Bedrooms | $550K | $1.1M | +113.6% |
Summary: Cardinal Lake Estates housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 44.7%, 4 bedroom homes increased by 44.6%, and 5+ bedroom homes increased by 113.6%.
Housing Supply in Cardinal Lake Estates, GA
How many homes are available in Cardinal Lake Estates, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 21 | -16.0% |
Summary: The Cardinal Lake Estates real estate market had 21 homes for sale in October 2024, a 16.0% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Cardinal Lake Estates 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 remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cardinal Lake Estates, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cardinal Lake Estates in October 2024, down by 25.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Cardinal Lake Estates, GA
How long does it take to sell a home in Cardinal Lake Estates, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 1 Day | 59 Days | +5833.3% |
Summary: Homes in Cardinal Lake Estates had an average of 59 days on market in Oct 2024, up by 5833.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Cardinal Lake Estates are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Cardinal Lake Estates; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.