Is Mansfield, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mansfield is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Mansfield has remained a Buyer'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

$349,500

$184/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$500(-0.1%)

Key Takeaway

The sold price of homes in Mansfield has remained the same since last year.

Summary: The median home sold price in Mansfield was $349,500 in October 2024, down 0.1% from last year, and the median price per square foot was $184.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$249.9K
N/A
2 $130K$291K
+123.8%
3 $319.9K$302K
-5.6%
4 $445K$400.9K
-9.9%
5+ $520.9K$530K
+1.7%

Summary: Mansfield 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 123.8%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.9%, 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

Sep 2024Oct 2024CHANGE
5056+12.0%

Summary: The Mansfield real estate market had 56 homes for sale in October 2024, a 12.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 2123
+9.5%
4 2226
+18.2%
5+ 45
+25.0%

Summary: The Mansfield 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 decreased by 33.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
28+300.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mansfield, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Mansfield in October 2024, up by 300.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
51 Days42 Days-16.7%

Summary: Homes in Mansfield had an average of 42 days on market in Oct 2024, down by 16.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mansfield has remained consistent over time.

Summary: During October 2024, 8 homes were sold in Mansfield; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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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