$4,749 Closing Credit*
$399,900
2,801 SqFt
5 Beds
•4 Full Baths
Tandy King, Listing Office: Ashton Woods Realty, LLC
Is Locust Grove, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Locust Grove was a Seller's Market.
Key Takeaway
Locust Grove is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Locust Grove, GA
How much do homes in Locust Grove, GA cost?
Median Sold Price
$351,052
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,562(+1.6%)
Key Takeaway
Homes in Locust Grove have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Locust Grove was $351,052 in October 2024, up 1.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $185K | $188K | +1.6% |
| 3 Bedrooms | $275K | $280K | +1.8% |
| 4 Bedrooms | $365K | $359.9K | -1.4% |
| 5+ Bedrooms | $490K | $439K | -10.4% |
Summary: Locust Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 10.4%.
Housing Supply in Locust Grove, GA
How many homes are available in Locust Grove, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 264 | 301 | +14.0% |
Summary: The Locust Grove real estate market had 301 homes for sale in October 2024, a 14.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 86 | 103 | +19.8% |
| 4 Bedrooms | 104 | 110 | +5.8% |
| 5+ Bedrooms | 69 | 83 | +20.3% |
Summary: The Locust Grove 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 remained the same, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 5.8%, and 5+ bedroom homes increased by 20.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 53 | 45 | -15.1% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Locust Grove, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Locust Grove in October 2024, down by 15.1% month-over-month. Of the 37 sold homes, 62% were sold under asking, 16% were sold at asking, and 22% were sold over asking.
Days on Market for Locust Grove, GA
How long does it take to sell a home in Locust Grove, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 40 Days | +59.3% |
Summary: Homes in Locust Grove had an average of 40 days on market in Oct 2024, up by 59.3% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Locust Grove has remained consistent over time.
Summary: During October 2024, 45 homes were sold in Locust Grove; 38% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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