Is Gray-Macon East, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gray-Macon East is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Gray-Macon East has remained a Seller's Market.

Key Takeaway

Gray-Macon East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gray-Macon East, GA

How much do homes in Gray-Macon East, GA cost?

Median Sold Price

$245,000

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$3,900(-1.6%)

Key Takeaway

Homes in Gray-Macon East have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Gray-Macon East was $245,000 in October 2024, down 1.6% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $113K$141.5K
+25.2%
2 $34.7K$155K
+346.0%
3 $210K$225K
+7.1%
4 $289.9K$288.9K
-0.3%
5+ $360K$384.9K
+6.9%

Summary: Gray-Macon East housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 346%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 6.9%.

Median Sold Price Compared To Nearby Cities

Macon
+7.9%
Gray-Macon East
-1.6%
Gray
-2.6%

Housing Supply in Gray-Macon East, GA

How many homes are available in Gray-Macon East, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112106-5.4%

Summary: The Gray-Macon East real estate market had 106 homes for sale in October 2024, a 5.4% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 43
-25.0%
3 4240
-4.8%
4 4443
-2.3%
5+ 2119
-9.5%

Summary: The Gray-Macon East 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 decreased by 25%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 9.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2619-26.9%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gray-Macon East, you may be able to get a good deal. 47.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Gray-Macon East in October 2024, down by 26.9% month-over-month. Of the 17 sold homes, 47% were sold under asking, 41% were sold at asking, and 12% were sold over asking.

Days on Market for Gray-Macon East, GA

How long does it take to sell a home in Gray-Macon East, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days78 Days+156.9%

Summary: Homes in Gray-Macon East had an average of 78 days on market in Oct 2024, up by 156.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gray-Macon East has remained consistent over time.

Summary: During October 2024, 19 homes were sold in Gray-Macon East; 16% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 42% 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 20 Days Ago

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