Is Good Hope, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Good Hope is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Good Hope has remained a Buyer's Market.

Key Takeaway

Good Hope is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Good Hope, GA

How much do homes in Good Hope, GA cost?

Median Sold Price

$537,000

$195/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$128,000(-19.2%)

Key Takeaway

Homes in Good Hope have sold for 19.2% less than they did a month ago.

Summary: The median home sold price in Good Hope was $537,000 in November 2024, down 19.2% from last month, and the median price per square foot was $195.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $665K-
N/A
4 -$499K
N/A
5+ -$575K
N/A

Summary: Good Hope housing prices by bedroom type for November 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 Good Hope, GA

How many homes are available in Good Hope, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1722+29.4%

Summary: The Good Hope real estate market had 22 homes for sale in November 2024, a 29.4% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 34
+33.3%
4 1113
+18.2%
5+ 34
+33.3%

Summary: The Good Hope housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
23+50.0%

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 Good Hope, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 3 homes were sold or pending in Good Hope in November 2024, up by 50.0% 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 Good Hope, GA

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

Average Sale Time

Oct 2024Nov 2024CHANGE
67 Days59 Days-11.6%

Summary: Homes in Good Hope had an average of 59 days on market in Nov 2024, down by 11.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 3 homes were sold in Good Hope; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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