$4,738 Closing Credit*
$399,000
2,116 SqFt
4 Beds
•2 Full Baths
Lauren Pawelko, Listing Office: Coldwell Banker Realty
Is Demorest, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Demorest was a Seller's Market.
Key Takeaway
Demorest is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Demorest, GA
How much do homes in Demorest, GA cost?
Median Sold Price
$320,900
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,400(+6.8%)
Key Takeaway
Homes in Demorest have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Demorest was $320,900 in November 2024, up 6.8% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $207K | $235K | +13.5% |
| 2 Bedrooms | $200K | $229K | +14.5% |
| 3 Bedrooms | $297K | $313.6K | +5.6% |
| 4 Bedrooms | $375K | $427K | +13.9% |
| 5+ Bedrooms | $560K | $667.5K | +19.2% |
Summary: Demorest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 14.5%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 13.9%, 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 47 | +14.6% |
Summary: The Demorest real estate market had 47 homes for sale in November 2024, a 14.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 20 | +42.9% |
| 4 Bedrooms | 18 | 19 | +5.6% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Demorest 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 remained the same, 3 bedroom homes increased by 42.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Demorest, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Demorest in November 2024, down by 40.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 15 Days | 55 Days | +271.1% |
Summary: Homes in Demorest had an average of 55 days on market in Nov 2024, up by 271.1% compared to last year.
Breakdown of Home Sale Times
2 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 November 2024, 6 homes were sold in Demorest; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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