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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gay is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Gay was a Buyer's Market.

Key Takeaway

Gay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gay, GA

How much do homes in Gay, GA cost?

Median Sold Price

$353,050

$185/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$70,050(+24.8%)

Key Takeaway

Homes in Gay have sold for 24.8% more than they did a month ago.

Summary: The median home sold price in Gay was $353,050 in December 2024, up 24.8% from last month, and the median price per square foot was $185.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 -$276.2K
N/A
3 $283K-
N/A
4 -$429.9K
N/A
5+ --
N/A

Summary: Gay housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Gay, GA

How many homes are available in Gay, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
810+25.0%

Summary: The Gay real estate market had 10 homes for sale in December 2024, a 25.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 11
0.0%
3 68
+33.3%
4 11
0.0%
5+ 00
0.0%

Summary: The Gay housing inventory by bedroom type for December 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 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gay, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Gay in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Gay, GA

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

Average Sale Time

Nov 2024Dec 2024CHANGE
23 Days54 Days+137.0%

Summary: Homes in Gay had an average of 54 days on market in Dec 2024, up by 137% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During December 2024, 2 homes were sold in Gay; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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 14 Days Ago

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