$2,850 Closing Credit*
$240,000
1,620 SqFt
4 Beds
•2 Full Baths
Nick Montgomery, Listing Office: Keller Williams Lake Oconee
Is Phoenix, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Phoenix was a Neutral Market.
Key Takeaway
Phoenix is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Phoenix, GA
How much do homes in Phoenix, GA cost?
Median Sold Price
$502,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$62,500(+14.2%)
Key Takeaway
Homes in Phoenix have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Phoenix was $502,500 in November 2024, up 14.2% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $93K | $84K | -9.7% |
| 2 Bedrooms | $273K | $285K | +4.4% |
| 3 Bedrooms | $355K | $400K | +12.7% |
| 4 Bedrooms | $480K | $700K | +45.8% |
| 5+ Bedrooms | $1.6M | $1.4M | -11.0% |
Summary: Phoenix housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 45.8%, and 5+ bedroom homes decreased by 11%.
Median Sold Price Compared To Nearby Cities
| Phoenix | $440K | $502.5K | +14.2% |
| Eatonton | $379.9K | $425K | +11.9% |
| Little River | $345K | $375K | +8.7% |
| Devereux | $427.5K | $425K | -0.6% |
Housing Supply in Phoenix, GA
How many homes are available in Phoenix, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 156 | 155 | -0.6% |
Summary: The Phoenix real estate market had 155 homes for sale in November 2024, a 0.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 71 | 71 | 0.0% |
| 4 Bedrooms | 47 | 48 | +2.1% |
| 5+ Bedrooms | 29 | 26 | -10.3% |
Summary: The Phoenix housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 10.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Phoenix, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Phoenix in November 2024, up by 5.3% month-over-month. Of the 18 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Phoenix, GA
How long does it take to sell a home in Phoenix, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 80 Days | +139.3% |
Summary: Homes in Phoenix had an average of 80 days on market in Nov 2024, up by 139.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Phoenix has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Phoenix; 10% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
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