$27,000
1.67 Acres
Land
Mohamad Alhomsi, Listing Office: Chapman Hall Realtors Alpharetta
Is Mansfield, 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, Mansfield was a Seller's Market.
Key Takeaway
Mansfield is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mansfield, GA
How much do homes in Mansfield, GA cost?
Median Sold Price
$355,750
$176/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,750(+1.6%)
Key Takeaway
Homes in Mansfield have sold for 1.6% more than they did a year ago.
Summary: The median home sold price in Mansfield was $355,750 in November 2024, up 1.6% from last year, and the median price per square foot was $176.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $249.9K | - | N/A |
| 2 Bedrooms | $130K | $291K | +123.8% |
| 3 Bedrooms | $319.9K | $294.2K | -8.0% |
| 4 Bedrooms | $445K | $399.6K | -10.2% |
| 5+ Bedrooms | $520.9K | $530K | +1.7% |
Summary: Mansfield 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 123.8%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 1.7%.
Housing Supply in Mansfield, GA
How many homes are available in Mansfield, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 42 | -10.6% |
Summary: The Mansfield real estate market had 42 homes for sale in November 2024, a 10.6% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 17 | 13 | -23.5% |
| 4 Bedrooms | 23 | 22 | -4.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mansfield 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 decreased by 23.5%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mansfield, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Mansfield in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Mansfield, GA
How long does it take to sell a home in Mansfield, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 73 Days | +172.0% |
Summary: Homes in Mansfield had an average of 73 days on market in Nov 2024, up by 172% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mansfield has remained consistent over time.
Summary: During November 2024, 3 homes were sold in Mansfield; 0% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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