$4,334 Closing Credit*
$365,000
1,958 SqFt
3 Beds
•2 Full Baths
Annie Murphy, Listing Office: Algin Realty, Inc.
Is McDonough, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$361,400
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,420(+0.4%)
Key Takeaway
The sold price of homes in McDonough has remained the same since last year.
Summary: The median home sold price in McDonough was $361,400 in October 2024, up 0.4% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $133K | -52.5% |
| 2 Bedrooms | $249K | $240K | -3.6% |
| 3 Bedrooms | $295K | $299.8K | +1.6% |
| 4 Bedrooms | $374.9K | $375.5K | 0.2% |
| 5+ Bedrooms | $464.9K | $497.5K | +7.0% |
Summary: McDonough housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 52.5%, 2 bedroom homes decreased by 3.6%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes increased by 7%.
Housing Supply in McDonough, GA
How many homes are available in McDonough, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 863 | 1,044 | +21.0% |
Summary: The McDonough real estate market had 1,044 homes for sale in October 2024, a 21.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 24 | 32 | +33.3% |
| 3 Bedrooms | 301 | 378 | +25.6% |
| 4 Bedrooms | 307 | 347 | +13.0% |
| 5+ Bedrooms | 231 | 286 | +23.8% |
Summary: The McDonough housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 129 | 122 | -5.4% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McDonough, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 122 homes were sold or pending in McDonough in October 2024, down by 5.4% month-over-month. Of the 107 sold homes, 53% were sold under asking, 30% were sold at asking, and 17% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 55 Days | +64.2% |
Summary: Homes in McDonough had an average of 55 days on market in Oct 2024, up by 64.2% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
57 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in McDonough has remained consistent over time.
Summary: During October 2024, 122 homes were sold in McDonough; 34% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.