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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Menlo is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Menlo has remained a Buyer's Market.

Key Takeaway

Menlo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Menlo, GA

How much do homes in Menlo, GA cost?

Median Sold Price

$357,500

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$122,500(+52.1%)

Key Takeaway

Homes in Menlo have sold for 52.1% more than they did a year ago.

Summary: The median home sold price in Menlo was $357,500 in November 2024, up 52.1% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $160K$325K
+103.1%
2 $205K$285K
+39.0%
3 $380K$451.2K
+18.8%
4 $539.1K$985K
+82.7%
5+ --
N/A

Summary: Menlo housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.1%, 2 bedroom homes increased by 39%, 3 bedroom homes increased by 18.8%, 4 bedroom homes increased by 82.7%, and 5+ bedroom homes did not change.

Housing Supply in Menlo, GA

How many homes are available in Menlo, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1312-7.7%

Summary: The Menlo real estate market had 12 homes for sale in November 2024, a 7.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 97
-22.2%
4 01
+100.0%
5+ 22
0.0%

Summary: The Menlo 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 decreased by 22.2%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
31-66.7%

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 Menlo, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Menlo in November 2024, down by 66.7% month-over-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 Menlo, GA

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

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 Menlo, GA

Nearby Markets to Menlo, GA