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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Dahlonega is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Dahlonega 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 Dahlonega, GA

How much do homes in Dahlonega, GA cost?

Median Sold Price

$375,000

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,000(+4.2%)

Key Takeaway

Homes in Dahlonega have sold for 4.2% more than they did a year ago.

Summary: The median home sold price in Dahlonega was $375,000 in October 2024, up 4.2% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $274.9K$299K
+8.8%
2 $242.5K$299K
+23.3%
3 $335K$350K
+4.5%
4 $430K$440K
+2.3%
5+ $645K$620.5K
-3.8%

Summary: Dahlonega housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 23.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 2.3%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Three Sisters Mountain
+5.6%
Dahlonega
+4.2%

Housing Supply in Dahlonega, GA

How many homes are available in Dahlonega, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
198215+8.6%

Summary: The Dahlonega real estate market had 215 homes for sale in October 2024, a 8.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 57
+40.0%
2 2018
-10.0%
3 94106
+12.8%
4 4652
+13.0%
5+ 3332
-3.0%

Summary: The Dahlonega housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes decreased by 3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4036-10.0%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Dahlonega, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Summary: A total of 36 homes were sold or pending in Dahlonega in October 2024, down by 10.0% month-over-month. Of the 33 sold homes, 61% were sold under asking, 15% were sold at asking, and 24% were sold over asking.

Days on Market for Dahlonega, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
28 Days44 Days+56.0%

Summary: Homes in Dahlonega had an average of 44 days on market in Oct 2024, up by 56% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 36 homes were sold in Dahlonega; 53% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 11% 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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