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 October 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

$397,000

$367/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$21,625(-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 $397,000 in October 2024, down 5.2% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $313.9K$276K
-12.1%
2 $387.5K$360K
-7.1%
3 $769.5K$782.2K
+1.7%
4 $1.0M$1.1M
+9.6%
5+ $1.4M$1.7M
+14.7%

Summary: Old Fourth Ward housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 14.7%.

Housing Supply in Old Fourth Ward, GA

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

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
124147+18.5%

Summary: The Old Fourth Ward real estate market had 147 homes for sale in October 2024, a 18.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3746
+24.3%
2 4045
+12.5%
3 3239
+21.9%
4 1113
+18.2%
5+ 44
0.0%

Summary: The Old Fourth Ward housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 24.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
923+155.6%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

1 Home Was 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. 76.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Old Fourth Ward in October 2024, up by 155.6% month-over-month. Of the 21 sold homes, 76% were sold under asking, 19% were sold at asking, and 5% 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

Oct 2023Oct 2024CHANGE
20 Days56 Days+169.2%

Summary: Homes in Old Fourth Ward had an average of 56 days on market in Oct 2024, up by 169.2% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

3 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 October 2024, 23 homes were sold in Old Fourth Ward; 30% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 13% 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 13 Days Ago

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