$3,432 Closing Credit*
$289,000
1,553 SqFt
3 Beds
•2 Full Baths
Melissa H. Johnson, Listing Office: St. Marys Realty Inc
Is Folkston, 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, Folkston has remained a Seller's Market.
Key Takeaway
Folkston is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Folkston, GA
How much do homes in Folkston, GA cost?
Median Sold Price
$210,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$10,000(-4.5%)
Key Takeaway
Homes in Folkston have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Folkston was $210,000 in October 2024, down 4.5% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $110K | N/A |
| 2 Bedrooms | $140.2K | $193K | +37.6% |
| 3 Bedrooms | $198K | $210K | +6.1% |
| 4 Bedrooms | $316K | $178K | -43.7% |
| 5+ Bedrooms | $399K | $218.9K | -45.1% |
Summary: Folkston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 37.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes decreased by 43.7%, and 5+ bedroom homes decreased by 45.1%.
Housing Supply in Folkston, GA
How many homes are available in Folkston, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 32 | +10.3% |
Summary: The Folkston real estate market had 32 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 20 | 23 | +15.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Folkston housing inventory by bedroom type for October 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 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 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 Folkston, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Folkston in October 2024, up by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Folkston, GA
How long does it take to sell a home in Folkston, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 26 Days | -27.1% |
Summary: Homes in Folkston had an average of 26 days on market in Oct 2024, down by 27.1% compared to last year.
Breakdown of Home Sale Times
7 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 Folkston are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Folkston; 88% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
