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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gracewood is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Gracewood has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Gracewood, GA

How much do homes in Gracewood, GA cost?

Median Sold Price

$200,000

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$4,712(-2.3%)

Key Takeaway

Homes in Gracewood have sold for 2.3% less than they did a year ago.

Summary: The median home sold price in Gracewood was $200,000 in December 2024, down 2.3% from last year, and the median price per square foot was $136.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 --
N/A
2 $129.9K$154K
+18.6%
3 $195K$190K
-2.6%
4 $255.9K$256.3K
0.2%
5+ $389.9K$357K
-8.4%

Summary: Gracewood housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 18.6%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 8.4%.

Median Sold Price Compared To Nearby Cities

Augusta
+6.5%
Gracewood
-2.3%

Housing Supply in Gracewood, GA

How many homes are available in Gracewood, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
149152+2.0%

Summary: The Gracewood real estate market had 152 homes for sale in December 2024, a 2.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 44
0.0%
3 9491
-3.2%
4 4351
+18.6%
5+ 86
-25.0%

Summary: The Gracewood 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 decreased by 3.2%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1728+64.7%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gracewood, you may be able to get a good deal. 35.7% of homes here sold below asking price last month.

Summary: A total of 28 homes were sold or pending in Gracewood in December 2024, up by 64.7% month-over-month. Of the 28 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% were sold over asking.

Days on Market for Gracewood, GA

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

Average Sale Time

Dec 2023Dec 2024CHANGE
76 Days56 Days-26.3%

Summary: Homes in Gracewood had an average of 56 days on market in Dec 2024, down by 26.3% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gracewood has remained consistent over time.

Summary: During December 2024, 28 homes were sold in Gracewood; 0% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 0% 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 6 Days Ago

Newest Listings in Gracewood, GA

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