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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nicholson is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Nicholson was a Seller's Market.

Key Takeaway

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

Housing Prices in Nicholson, GA

How much do homes in Nicholson, GA cost?

Median Sold Price

$371,450

$187/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$96,450(+35.1%)

Key Takeaway

Homes in Nicholson have sold for 35.1% more than they did a month ago.

Summary: The median home sold price in Nicholson was $371,450 in October 2024, up 35.1% from last month, and the median price per square foot was $187.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $240K-
N/A
3 $275K$273K
-0.7%
4 -$469.9K
N/A
5+ $319K-
N/A

Summary: Nicholson 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 decreased by 0.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Nicholson, GA

How many homes are available in Nicholson, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3236+12.5%

Summary: The Nicholson real estate market had 36 homes for sale in October 2024, a 12.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 1519
+26.7%
4 611
+83.3%
5+ 73
-57.1%

Summary: The Nicholson 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 25%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes decreased by 57.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
112-81.8%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nicholson, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Nicholson in October 2024, down by 81.8% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Nicholson, GA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
35 Days87 Days+146.0%

Summary: Homes in Nicholson had an average of 87 days on market in Oct 2024, up by 146% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Nicholson; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% 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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