Is Mc Rae Helena, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Rae Helena is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Mc Rae Helena has remained a Seller's Market.

Key Takeaway

Mc Rae Helena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mc Rae Helena, GA

How much do homes in Mc Rae Helena, GA cost?

Median Sold Price

$139,000

$82/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$14,000(+11.2%)

Key Takeaway

Homes in Mc Rae Helena have sold for 11.2% more than they did a year ago.

Summary: The median home sold price in Mc Rae Helena was $139,000 in October 2024, up 11.2% from last year, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $93.7K$110K
+17.3%
3 $141.7K$140K
-1.2%
4 $148.5K$186K
+25.3%
5+ $125K$272.5K
+118.0%

Summary: Mc Rae Helena 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 17.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 25.3%, and 5+ bedroom homes increased by 118%.

Median Sold Price Compared To Nearby Cities

McRae
+29.6%
Mc Rae Helena
+11.2%
McRae-Helena
+10.0%

Housing Supply in Mc Rae Helena, GA

How many homes are available in Mc Rae Helena, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2124+14.3%

Summary: The Mc Rae Helena real estate market had 24 homes for sale in October 2024, a 14.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1013
+30.0%
4 35
+66.7%
5+ 42
-50.0%

Summary: The Mc Rae Helena 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 30%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
45+25.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mc Rae Helena, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mc Rae Helena in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% were sold over asking.

Days on Market for Mc Rae Helena, GA

How long does it take to sell a home in Mc Rae Helena, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days14 Days-73.9%

Summary: Homes in Mc Rae Helena had an average of 14 days on market in Oct 2024, down by 73.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mc Rae Helena are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Mc Rae Helena; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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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