$10,000 Closing Credit*
$1,745,000
3,470 SqFt
4 Beds
•3 Full Baths
Rebekah Stephens, Listing Office: BHGRE Metro Brokers
Is Molena, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Molena was a Neutral Market.
Key Takeaway
Molena is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Molena, GA
How much do homes in Molena, GA cost?
Median Sold Price
$354,000
$197/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$89,000(+33.6%)
Key Takeaway
Homes in Molena have sold for 33.6% more than they did a month ago.
Summary: The median home sold price in Molena was $354,000 in October 2024, up 33.6% from last month, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $55K | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $265K | $355K | +34.0% |
| 4 Bedrooms | - | $354K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Molena housing prices by bedroom type for October 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 increased by 34%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Molena, GA
How many homes are available in Molena, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 11 | +57.1% |
Summary: The Molena real estate market had 11 homes for sale in October 2024, a 57.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 8 | +100.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Molena 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 remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Molena, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Molena in October 2024, up by 200.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Molena, GA
How long does it take to sell a home in Molena, GA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 204 Days | 59 Days | -70.9% |
Summary: Homes in Molena had an average of 59 days on market in Oct 2024, down by 70.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Molena are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 3 homes were sold in Molena; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
