$3,468 Closing Credit*
$292,000
1,894 SqFt
3 Beds
•2 Full Baths
Rhonda, Listing Office: Lake Sinclair-Oconee Realty
Is Milledgeville, 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, Milledgeville was a Seller's Market.
Key Takeaway
Milledgeville 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 Milledgeville, GA
How much do homes in Milledgeville, GA cost?
Median Sold Price
$250,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$7,500(-2.9%)
Key Takeaway
Homes in Milledgeville have sold for 2.9% less than they did a year ago.
Summary: The median home sold price in Milledgeville was $250,000 in November 2024, down 2.9% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87.2K | $553.9K | +534.9% |
| 2 Bedrooms | $135K | $129K | -4.4% |
| 3 Bedrooms | $229.9K | $227.5K | -1.0% |
| 4 Bedrooms | $375K | $331K | -11.7% |
| 5+ Bedrooms | $409.5K | $475K | +16.0% |
Summary: Milledgeville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 534.9%, 2 bedroom homes decreased by 4.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes increased by 16%.
Median Sold Price Compared To Nearby Cities
| Milledgeville | $257.5K | $250K | -2.9% |
| East Baldwin | $391.5K | $240K | -38.7% |
Housing Supply in Milledgeville, GA
How many homes are available in Milledgeville, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 160 | 148 | -7.5% |
Summary: The Milledgeville real estate market had 148 homes for sale in November 2024, a 7.5% decrease 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 | 14 | 12 | -14.3% |
| 3 Bedrooms | 72 | 69 | -4.2% |
| 4 Bedrooms | 55 | 48 | -12.7% |
| 5+ Bedrooms | 18 | 18 | 0.0% |
Summary: The Milledgeville 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 decreased by 14.3%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 12.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Milledgeville, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Milledgeville in November 2024, down by 29.0% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.
Days on Market for Milledgeville, GA
How long does it take to sell a home in Milledgeville, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 74 Days | +91.5% |
Summary: Homes in Milledgeville had an average of 74 days on market in Nov 2024, up by 91.5% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Milledgeville has remained consistent over time.
Summary: During November 2024, 22 homes were sold in Milledgeville; 27% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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