Is Clarke County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Clarke County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Clarke County was a Seller's Market.

Key Takeaway

Clarke County 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 Clarke County, GA

How much do homes in Clarke County, GA cost?

Median Sold Price

$349,000

$200/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,836(+4.8%)

Key Takeaway

Homes in Clarke County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Clarke County was $349,000 in October 2024, up 4.8% from last year, and the median price per square foot was $200.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $266K$325K
+22.2%
2 $230.1K$243.8K
+5.9%
3 $316.1K$327K
+3.4%
4 $385K$413.3K
+7.4%
5+ $518K$626.9K
+21.0%

Summary: Clarke County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 21%.

Median Sold Price Compared To Nearby Counties

Madison County
+10.5%
Oglethorpe County
+7.3%
Clarke County
+4.8%
Jackson County
+4.2%
Oconee County
+1.2%

Housing Supply in Clarke County, GA

How many homes are available in Clarke County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
731724-1.0%

Summary: The Clarke County real estate market had 724 homes for sale in October 2024, a 1.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1215
+25.0%
2 119110
-7.6%
3 279278
-0.4%
4 228222
-2.6%
5+ 9399
+6.5%

Summary: The Clarke County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 0.4%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes increased by 6.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
167121-27.5%

Asking Price vs. Sold Price

74 Homes Were Sold
Under Asking

24 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Clarke County, you may be able to get a good deal. 66.1% of homes here sold below asking price last month.

Summary: A total of 121 homes were sold or pending in Clarke County in October 2024, down by 27.5% month-over-month. Of the 112 sold homes, 66% were sold under asking, 21% were sold at asking, and 13% were sold over asking.

Days on Market for Clarke County, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days49 Days+64.9%

Summary: Homes in Clarke County had an average of 49 days on market in Oct 2024, up by 64.9% compared to last year.

Breakdown of Home Sale Times

51 Homes Were Sold
Under 30 Days

49 Homes Were Sold
In 30 - 90 Days

21 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 121 homes were sold in Clarke County; 42% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 17% 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 20 Days Ago

Newest Listings in Clarke County, GA

Nearby Markets to Clarke County, GA

What housing markets are near Clarke County, GA?