$711 Closing Credit*
$59,900
1,174 SqFt
3 Beds
•1 Full Bath
Julia E Azubuike, Listing Office: Maximum One Realtor Partners
Is McRae, 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, McRae was a Seller's Market.
Key Takeaway
McRae is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in McRae, GA
How much do homes in McRae, GA cost?
Median Sold Price
$162,000
$79/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$37,000(+29.6%)
Key Takeaway
Homes in McRae have sold for 29.6% more than they did a year ago.
Summary: The median home sold price in McRae was $162,000 in October 2024, up 29.6% from last year, and the median price per square foot was $79.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $99.5K | $117.5K | +18.1% |
| 3 Bedrooms | $139.9K | $164.4K | +17.5% |
| 4 Bedrooms | $136.7K | $105K | -23.2% |
| 5+ Bedrooms | - | $275K | N/A |
Summary: McRae 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 18.1%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 23.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| McRae | $125K | $162K | +29.6% |
| Mc Rae Helena | $125K | $139K | +11.2% |
| McRae-Helena | $125K | $137.5K | +10.0% |
Housing Supply in McRae, GA
How many homes are available in McRae, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Summary: The McRae real estate market had 13 homes for sale in October 2024, a 18.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The McRae 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 33.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McRae, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in McRae in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for McRae, GA
How long does it take to sell a home in McRae, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 6 Days | -86.5% |
Summary: Homes in McRae had an average of 6 days on market in Oct 2024, down by 86.5% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McRae are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in McRae; 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.
