$10,000 Closing Credit*
$850,000
4,067 SqFt
4 Beds
•3 Full Baths, 1 Partial
Pete Ewing, Listing Office: Keystone Realty Group, LLC
Is Cave Spring, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Cave Spring has remained a Seller's Market.
Key Takeaway
Cave Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cave Spring, GA
How much do homes in Cave Spring, GA cost?
Median Sold Price
$235,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,950(-7.5%)
Key Takeaway
Homes in Cave Spring have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in Cave Spring was $235,000 in November 2024, down 7.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $190K | $139.9K | -26.4% |
| 3 Bedrooms | $238K | $195K | -18.1% |
| 4 Bedrooms | $408K | $425K | +4.2% |
| 5+ Bedrooms | $510K | $490K | -3.9% |
Summary: Cave Spring 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 26.4%, 3 bedroom homes decreased by 18.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 3.9%.
Housing Supply in Cave Spring, GA
How many homes are available in Cave Spring, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 22 | 13 | -40.9% |
Summary: The Cave Spring real estate market had 13 homes for sale in November 2024, a 40.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 8 | 2 | -75.0% |
| 4 Bedrooms | 6 | 3 | -50.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Cave Spring 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 20%, 3 bedroom homes decreased by 75%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 3 | -70.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cave Spring, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cave Spring in November 2024, down by 70.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cave Spring, GA
How long does it take to sell a home in Cave Spring, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 5 Days | 51 Days | +920.0% |
Summary: Homes in Cave Spring had an average of 51 days on market in Nov 2024, up by 920% 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 Cave Spring are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Cave Spring; 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.
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