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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Gray-Macon East was a Seller's Market.

Key Takeaway

Gray-Macon East is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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 November 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Gray-Macon East has remained the same since last year.

Summary: The median home sold price in Gray-Macon East was $245,000 in November 2024, the same as last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $113K$141.5K
+25.2%
2 $34.7K$155K
+346.0%
3 $202.5K$227.5K
+12.3%
4 $275.5K$292K
+6.0%
5+ $384.5K$378.7K
-1.5%

Summary: Gray-Macon East housing prices by bedroom type for November 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 12.3%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 1.5%.

Median Sold Price Compared To Nearby Cities

Macon
+6.4%
Gray-Macon East
0.0%
Gray
-6.3%

Housing Supply in Gray-Macon East, GA

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
97102+5.2%

Summary: The Gray-Macon East real estate market had 102 homes for sale in November 2024, a 5.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 13
+200.0%
3 3637
+2.8%
4 4140
-2.4%
5+ 1821
+16.7%

Summary: The Gray-Macon East 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 increased by 200%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 2.4%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1913-31.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

0 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. 50% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Gray-Macon East in November 2024, down by 31.6% month-over-month. Of the 12 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% 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

Nov 2023Nov 2024CHANGE
34 Days53 Days+53.2%

Summary: Homes in Gray-Macon East had an average of 53 days on market in Nov 2024, up by 53.2% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 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 November 2024, 13 homes were sold in Gray-Macon East; 38% of homes were sold within 30 days, 46% of homes were sold within 30 to 90 days, and 15% 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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