$3,337 Closing Credit*
$281,000
1,248 SqFt
3 Beds
•2 Full Baths
Tanya Pickens, Listing Office: Opendoor Brokerage, LLC
Is McDonough, 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, McDonough was a Seller's Market.
Key Takeaway
McDonough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in McDonough, GA
How much do homes in McDonough, GA cost?
Median Sold Price
$363,914
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,344(+1.5%)
Key Takeaway
Homes in McDonough have sold for 1.5% more than they did a year ago.
Summary: The median home sold price in McDonough was $363,914 in November 2024, up 1.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $133K | -52.5% |
| 2 Bedrooms | $247K | $240K | -2.8% |
| 3 Bedrooms | $298.8K | $299.9K | 0.3% |
| 4 Bedrooms | $373.3K | $379K | +1.5% |
| 5+ Bedrooms | $465.9K | $495K | +6.2% |
Summary: McDonough housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 6.2%.
Housing Supply in McDonough, GA
How many homes are available in McDonough, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 911 | 989 | +8.6% |
Summary: The McDonough real estate market had 989 homes for sale in November 2024, a 8.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 27 | 31 | +14.8% |
| 3 Bedrooms | 329 | 348 | +5.8% |
| 4 Bedrooms | 303 | 347 | +14.5% |
| 5+ Bedrooms | 251 | 262 | +4.4% |
Summary: The McDonough 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 increased by 14.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 14.5%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 140 | +11.1% |
Asking Price vs. Sold Price
58 Homes Were Sold
Under Asking
46 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McDonough, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 140 homes were sold or pending in McDonough in November 2024, up by 11.1% month-over-month. Of the 129 sold homes, 45% were sold under asking, 36% were sold at asking, and 19% were sold over asking.
Days on Market for McDonough, GA
How long does it take to sell a home in McDonough, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 55 Days | +53.2% |
Summary: Homes in McDonough had an average of 55 days on market in Nov 2024, up by 53.2% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
30 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McDonough are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 140 homes were sold in McDonough; 42% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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