Is Old Fourth Ward, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Fourth Ward is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Old Fourth Ward was a Seller's Market.

Key Takeaway

Old Fourth Ward is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Old Fourth Ward, GA

How much do homes in Old Fourth Ward, GA cost?

Median Sold Price

$397,950

$364/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$21,800(-5.2%)

Key Takeaway

Homes in Old Fourth Ward have sold for 5.2% less than they did a year ago.

Summary: The median home sold price in Old Fourth Ward was $397,950 in November 2024, down 5.2% from last year, and the median price per square foot was $364.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $300K$276K
-8.0%
2 $391K$360K
-7.9%
3 $802K$775K
-3.4%
4 $1.0M$1.2M
+16.1%
5+ $1.4M$1.3M
-4.1%

Summary: Old Fourth Ward housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Neighborhoods

City Heights
+2.5%
Old Fourth Ward
-5.2%

Housing Supply in Old Fourth Ward, GA

How many homes are available in Old Fourth Ward, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
128134+4.7%

Summary: The Old Fourth Ward real estate market had 134 homes for sale in November 2024, a 4.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 3936
-7.7%
2 4049
+22.5%
3 3231
-3.1%
4 1213
+8.3%
5+ 55
0.0%

Summary: The Old Fourth Ward housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 7.7%, 2 bedroom homes increased by 22.5%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2320-13.0%

Asking Price vs. Sold Price

16 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 Old Fourth Ward, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Old Fourth Ward in November 2024, down by 13.0% month-over-month. Of the 20 sold homes, 80% were sold under asking, 10% were sold at asking, and 10% were sold over asking.

Days on Market for Old Fourth Ward, GA

How long does it take to sell a home in Old Fourth Ward, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
25 Days76 Days+202.9%

Summary: Homes in Old Fourth Ward had an average of 76 days on market in Nov 2024, up by 202.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Old Fourth Ward has remained consistent over time.

Summary: During November 2024, 20 homes were sold in Old Fourth Ward; 25% of homes were sold within 30 days, 50% 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 21 Days Ago

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Newest Listings in Old Fourth Ward, GA

Nearby Markets to Old Fourth Ward, GA

MLS Disclaimers and Copyright

Based on information from Georgia MLS, and First Multiple Listing Service Inc. for the period 12/01/2022 - 12/01/2024

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
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Last updated on: 12/21/2024, 9:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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