Is Mineral Bluff, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mineral Bluff is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Mineral Bluff was a Seller's Market.

Key Takeaway

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

Housing Prices in Mineral Bluff, GA

How much do homes in Mineral Bluff, GA cost?

Median Sold Price

$577,450

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$5,000(+0.9%)

Key Takeaway

Homes in Mineral Bluff have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Mineral Bluff was $577,450 in October 2024, up 0.9% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $366.2K$400K
+9.2%
2 $405K$410K
+1.2%
3 $585K$580K
-0.9%
4 $900K$799K
-11.2%
5+ $744.7K$1.5M
+106.8%

Summary: Mineral Bluff housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.2%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 106.8%.

Median Sold Price Compared To Nearby Cities

Ivylog
+6.9%
Mineral Bluff
+0.9%

Housing Supply in Mineral Bluff, GA

How many homes are available in Mineral Bluff, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
243273+12.3%

Summary: The Mineral Bluff real estate market had 273 homes for sale in October 2024, a 12.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 911
+22.2%
2 3039
+30.0%
3 120128
+6.7%
4 6978
+13.0%
5+ 1517
+13.3%

Summary: The Mineral Bluff housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 13.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1415+7.1%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mineral Bluff, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Mineral Bluff in October 2024, up by 7.1% month-over-month. Of the 14 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.

Days on Market for Mineral Bluff, GA

How long does it take to sell a home in Mineral Bluff, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
97 Days42 Days-56.8%

Summary: Homes in Mineral Bluff had an average of 42 days on market in Oct 2024, down by 56.8% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 15 homes were sold in Mineral Bluff; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% 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 16 Days Ago

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