Is McRae, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McRae is a neutral's market

Buyer's
Market

Difference Since Last Month

Since last month, McRae has remained a Neutral 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

$174,000

$82/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$77,000(+79.4%)

Key Takeaway

Homes in McRae have sold for 79.4% more than they did a month ago.

Summary: The median home sold price in McRae was $174,000 in November 2024, up 79.4% from last month, and the median price per square foot was $82.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $56K-
N/A
3 $138K-
N/A
4 -$174K
N/A
5+ --
N/A

Summary: McRae housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in McRae, GA

How many homes are available in McRae, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
13130.0%

Summary: The McRae real estate market had 13 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 77
0.0%
4 33
0.0%
5+ 11
0.0%

Summary: The McRae 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in McRae, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in McRae in November 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for McRae, GA

We’re sorry, we don't have information for this market at the moment

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

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

Newest Listings in McRae, GA

Nearby Markets to McRae, GA

What housing markets are near McRae, GA?