$4,738 Closing Credit*
$399,000
3,050 SqFt
4 Beds
•3 Full Baths, 1 Partial
Dennis Brooks, Listing Office: Bush Real Estate Group
Is Newnan, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Newnan has remained a Seller's Market.
Key Takeaway
Newnan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Newnan, GA
How much do homes in Newnan, GA cost?
Median Sold Price
$382,795
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,966(+2.9%)
Key Takeaway
Homes in Newnan have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Newnan was $382,795 in October 2024, up 2.9% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $70K | -60.0% |
| 2 Bedrooms | $225.5K | $274K | +21.5% |
| 3 Bedrooms | $309.9K | $325K | +4.8% |
| 4 Bedrooms | $423.3K | $418.9K | -1.0% |
| 5+ Bedrooms | $552.5K | $575K | +4.1% |
Summary: Newnan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 60%, 2 bedroom homes increased by 21.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 4.1%.
Housing Supply in Newnan, GA
How many homes are available in Newnan, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 573 | 639 | +11.5% |
Summary: The Newnan real estate market had 639 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 21 | 28 | +33.3% |
| 3 Bedrooms | 214 | 241 | +12.6% |
| 4 Bedrooms | 237 | 252 | +6.3% |
| 5+ Bedrooms | 98 | 116 | +18.4% |
Summary: The Newnan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 109 | 125 | +14.7% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
27 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Newnan, you may be able to get a good deal. 57.3% of homes here sold below asking price last month.
Summary: A total of 125 homes were sold or pending in Newnan in October 2024, up by 14.7% month-over-month. Of the 110 sold homes, 57% were sold under asking, 25% were sold at asking, and 18% were sold over asking.
Days on Market for Newnan, GA
How long does it take to sell a home in Newnan, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 35 Days | 51 Days | +46.6% |
Summary: Homes in Newnan had an average of 51 days on market in Oct 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
26 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Newnan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 125 homes were sold in Newnan; 49% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.