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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Milledgeville is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Milledgeville has remained a Seller's Market.

Key Takeaway

Milledgeville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Milledgeville, GA

How much do homes in Milledgeville, GA cost?

Median Sold Price

$245,450

$141/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$23,050(-8.6%)

Key Takeaway

Homes in Milledgeville have sold for 8.6% less than they did a year ago.

Summary: The median home sold price in Milledgeville was $245,450 in October 2024, down 8.6% from last year, and the median price per square foot was $141.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $87.2K$553.9K
+534.9%
2 $132.5K$129K
-2.6%
3 $242.5K$225K
-7.2%
4 $390K$331K
-15.1%
5+ $409.5K$482.5K
+17.8%

Summary: Milledgeville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 534.9%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 15.1%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Cities

Milledgeville
-8.6%
East Baldwin
-38.8%

Housing Supply in Milledgeville, GA

How many homes are available in Milledgeville, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
163168+3.1%

Summary: The Milledgeville real estate market had 168 homes for sale in October 2024, a 3.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1514
-6.7%
3 7679
+3.9%
4 4954
+10.2%
5+ 2220
-9.1%

Summary: The Milledgeville 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 decreased by 6.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2731+14.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Milledgeville, you may be able to get a good deal. 85.2% of homes here sold below asking price last month.

Summary: A total of 31 homes were sold or pending in Milledgeville in October 2024, up by 14.8% month-over-month. Of the 27 sold homes, 85% were sold under asking, 4% 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

Oct 2023Oct 2024CHANGE
82 Days67 Days-17.5%

Summary: Homes in Milledgeville had an average of 67 days on market in Oct 2024, down by 17.5% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Milledgeville has remained consistent over time.

Summary: During October 2024, 31 homes were sold in Milledgeville; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 16% 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 17 Days Ago

Newest Listings in Milledgeville, GA

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