Is Mansfield, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mansfield has remained a Seller's Market.
Housing Prices in Mansfield, GA
How much do homes in Mansfield, GA cost?
Median Sold Price
$351,222
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Mansfield was $351,222 in May 2024, up 0.3% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $249.9K | N/A |
2 Bedrooms | $235K | $350K | +48.9% |
3 Bedrooms | $314K | $317.9K | +1.2% |
4 Bedrooms | $424.9K | $439.9K | +3.5% |
5+ Bedrooms | $449.9K | $525K | +16.7% |
Summary: Mansfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.9%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 16.7%.
Housing Supply in Mansfield, GA
How many homes are available in Mansfield, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 44 | +29.4% |
Summary: The Mansfield real estate market had 44 homes for sale in May 2024, a 29.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 12 | 11 | -8.3% |
4 Bedrooms | 18 | 26 | +44.4% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mansfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 44.4%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Mansfield in May 2024, up by 14.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 95 Days | +134.1% |
Summary: Homes in Mansfield had an average of 95 days on market in May 2024, up by 134.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Mansfield; 38% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.