Is North Whitfield, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Whitfield is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Whitfield, GA

How much do homes in North Whitfield, GA cost?

Median Sold Price

$349,000

$168/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$29,100(+9.1%)

Key Takeaway

Homes in North Whitfield have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in North Whitfield was $349,000 in October 2024, up 9.1% from last year, and the median price per square foot was $168.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $155K$35K
-77.4%
2 $314.9K$165K
-47.6%
3 $271K$324.9K
+19.9%
4 $417K$461.2K
+10.6%
5+ $455K$442.5K
-2.7%

Summary: North Whitfield housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 77.4%, 2 bedroom homes decreased by 47.6%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes decreased by 2.7%.

Median Sold Price Compared To Nearby Cities

Varnell
+62.0%
North Whitfield
+9.1%
Cohutta
+8.3%

Housing Supply in North Whitfield, GA

How many homes are available in North Whitfield, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5750-12.3%

Summary: The North Whitfield real estate market had 50 homes for sale in October 2024, a 12.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 61
-83.3%
3 3227
-15.6%
4 1618
+12.5%
5+ 34
+33.3%

Summary: The North Whitfield 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 83.3%, 3 bedroom homes decreased by 15.6%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Whitfield, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in North Whitfield in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 83% were sold under asking, 8% were sold at asking, and 8% were sold over asking.

Days on Market for North Whitfield, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
23 Days80 Days+243.8%

Summary: Homes in North Whitfield had an average of 80 days on market in Oct 2024, up by 243.8% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in North Whitfield are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 12 homes were sold in North Whitfield; 8% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 25% 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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