$3,266 Closing Credit*
$275,000
1,491 SqFt
3 Beds
•2 Full Baths
Tia J Rosser, Listing Office: Re/Max Tru, Inc.
Is Locust Grove, 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, Locust Grove was a Seller's Market.
Key Takeaway
Locust Grove is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Locust Grove, GA
How much do homes in Locust Grove, GA cost?
Median Sold Price
$350,029
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$1,683(+0.5%)
Key Takeaway
The sold price of homes in Locust Grove has remained the same since last year.
Summary: The median home sold price in Locust Grove was $350,029 in November 2024, up 0.5% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178.7K | $188K | +5.2% |
| 3 Bedrooms | $275K | $280K | +1.8% |
| 4 Bedrooms | $365K | $359.9K | -1.4% |
| 5+ Bedrooms | $479.6K | $426.5K | -11.1% |
Summary: Locust Grove housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes decreased by 11.1%.
Housing Supply in Locust Grove, GA
How many homes are available in Locust Grove, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 257 | 283 | +10.1% |
Summary: The Locust Grove real estate market had 283 homes for sale in November 2024, a 10.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 88 | 88 | 0.0% |
| 4 Bedrooms | 96 | 110 | +14.6% |
| 5+ Bedrooms | 68 | 80 | +17.6% |
Summary: The Locust Grove 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 remained the same, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 40 | +2.6% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
5 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. 51.4% of homes here sold below asking price last month.
Summary: A total of 40 homes were sold or pending in Locust Grove in November 2024, up by 2.6% month-over-month. Of the 35 sold homes, 51% were sold under asking, 34% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 51 Days | -2.7% |
Summary: Homes in Locust Grove had an average of 51 days on market in Nov 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Locust Grove are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 40 homes were sold in Locust Grove; 48% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
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