$3,680 Closing Credit*
$309,900
1,884 SqFt
3 Beds
•2 Full Baths, 1 Partial
#247413, Listing Office: ASSIST-2-SELL, SMART CHOICE REAL ESTATE
Is Gray, 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, Gray was a Buyer's Market.
Key Takeaway
Gray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gray, GA
How much do homes in Gray, GA cost?
Median Sold Price
$277,500
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$18,500(-6.3%)
Key Takeaway
Homes in Gray have sold for 6.2% less than they did a year ago.
Summary: The median home sold price in Gray was $277,500 in November 2024, down 6.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.5K | $180K | +48.1% |
| 2 Bedrooms | $14K | $100K | +614.3% |
| 3 Bedrooms | $225K | $255K | +13.3% |
| 4 Bedrooms | $337.4K | $321.5K | -4.7% |
| 5+ Bedrooms | $380.5K | $369.5K | -2.9% |
Summary: Gray housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 48.1%, 2 bedroom homes increased by 614.3%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
| Gray-Macon East | $244.9K | $245K | 0.0% |
| Gray | $296K | $277.5K | -6.3% |
Housing Supply in Gray, GA
How many homes are available in Gray, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 42 | +7.7% |
Summary: The Gray real estate market had 42 homes for sale in November 2024, a 7.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 9 | 13 | +44.4% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Gray 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 44.4%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 8 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gray, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Gray in November 2024, down by 20.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Gray, GA
How long does it take to sell a home in Gray, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 8 Days | 48 Days | +509.4% |
Summary: Homes in Gray had an average of 48 days on market in Nov 2024, up by 509.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Gray has remained consistent over time.
Summary: During November 2024, 8 homes were sold in Gray; 25% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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