$3,859 Closing Credit*
$325,000
3 Beds
•1 Full Bath
Lucy Ramos, Listing Office: Keller Williams Northwest
Is Redbud, 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, Redbud was a Neutral Market.
Key Takeaway
Redbud is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redbud, GA
How much do homes in Redbud, GA cost?
Median Sold Price
$265,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$25,000(-8.6%)
Key Takeaway
Homes in Redbud have sold for 8.6% less than they did a year ago.
Summary: The median home sold price in Redbud was $265,000 in November 2024, down 8.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $299.9K | N/A |
| 2 Bedrooms | $262K | $127K | -51.5% |
| 3 Bedrooms | $275K | $260K | -5.5% |
| 4 Bedrooms | $500K | $307.5K | -38.5% |
| 5+ Bedrooms | $1.8M | $581.2K | -68.4% |
Summary: Redbud housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 51.5%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 38.5%, and 5+ bedroom homes decreased by 68.4%.
Median Sold Price Compared To Nearby Cities
| Ranger | $300K | $375K | +25.0% |
| Sugar Valley-Resaca | $240K | $269K | +12.1% |
| Ludville | $344K | $343K | -0.3% |
| Redbud | $290K | $265K | -8.6% |
Housing Supply in Redbud, GA
How many homes are available in Redbud, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 | 55 | -1.8% |
Summary: The Redbud real estate market had 55 homes for sale in November 2024, a 1.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 11 | 0.0% |
| 3 Bedrooms | 33 | 31 | -6.1% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Redbud 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 remained the same, 3 bedroom homes decreased by 6.1%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Redbud, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Redbud in November 2024, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Redbud, GA
How long does it take to sell a home in Redbud, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 32 Days | 51 Days | +60.2% |
Summary: Homes in Redbud had an average of 51 days on market in Nov 2024, up by 60.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Redbud has remained consistent over time.
Summary: During November 2024, 4 homes were sold in Redbud; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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