$5,035 Closing Credit*
$424,000
3 Beds
•3 Full Baths
Cody Stowers, Listing Office: BHHS Georgia Properties
Is Demorest, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Demorest has remained a Seller's Market.
Key Takeaway
Demorest is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Demorest, GA
How much do homes in Demorest, GA cost?
Median Sold Price
$320,900
$183/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,900(+7.0%)
Key Takeaway
Homes in Demorest have sold for 7% more than they did a year ago.
Summary: The median home sold price in Demorest was $320,900 in October 2024, up 7% from last year, and the median price per square foot was $183.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207K | $250K | +20.8% |
| 2 Bedrooms | $200K | $249K | +24.5% |
| 3 Bedrooms | $294.9K | $310.3K | +5.2% |
| 4 Bedrooms | $375K | $420K | +12.0% |
| 5+ Bedrooms | $560K | $667.5K | +19.2% |
Summary: Demorest housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in Demorest, GA
How many homes are available in Demorest, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 50 | +22.0% |
Summary: The Demorest real estate market had 50 homes for sale in October 2024, a 22.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 14 | 19 | +35.7% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Demorest housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 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 Demorest, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Demorest in October 2024, up by 12.5% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Demorest, GA
How long does it take to sell a home in Demorest, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 80 Days | +135.1% |
Summary: Homes in Demorest had an average of 80 days on market in Oct 2024, up by 135.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Demorest are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Demorest; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% 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.