$1,780 Closing Credit*
$149,900
900 SqFt
2 Beds
•1 Full Bath
Stephen E Redding, Listing Office: Steve Redding & Associates,LLC
Is Griffin, 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, Griffin was a Seller's Market.
Key Takeaway
Griffin is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Griffin, GA
How much do homes in Griffin, GA cost?
Median Sold Price
$268,622
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,028(+7.6%)
Key Takeaway
Homes in Griffin have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in Griffin was $268,622 in November 2024, up 7.6% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $120K | $227.5K | +89.6% |
| 2 Bedrooms | $167.9K | $205K | +22.1% |
| 3 Bedrooms | $227.6K | $231K | +1.5% |
| 4 Bedrooms | $315K | $328.5K | +4.3% |
| 5+ Bedrooms | $399.9K | $439.6K | +9.9% |
Summary: Griffin housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 89.6%, 2 bedroom homes increased by 22.1%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 9.9%.
Median Sold Price Compared To Nearby Cities
| Griffin | $249.5K | $268.6K | +7.6% |
| Rover | $262K | $273K | +4.2% |
Housing Supply in Griffin, GA
How many homes are available in Griffin, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 463 | 477 | +3.0% |
Summary: The Griffin real estate market had 477 homes for sale in November 2024, a 3.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 64 | 71 | +10.9% |
| 3 Bedrooms | 216 | 213 | -1.4% |
| 4 Bedrooms | 135 | 146 | +8.1% |
| 5+ Bedrooms | 44 | 42 | -4.5% |
Summary: The Griffin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 10.9%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 | 62 | -28.7% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Griffin, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.
Summary: A total of 62 homes were sold or pending in Griffin in November 2024, down by 28.7% month-over-month. Of the 58 sold homes, 55% were sold under asking, 31% were sold at asking, and 14% were sold over asking.
Days on Market for Griffin, GA
How long does it take to sell a home in Griffin, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 40 Days | 58 Days | +45.8% |
Summary: Homes in Griffin had an average of 58 days on market in Nov 2024, up by 45.8% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
27 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Griffin has remained consistent over time.
Summary: During November 2024, 62 homes were sold in Griffin; 37% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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