$5,047 Closing Credit*
$425,000
3 Beds
•2 Full Baths
Adrienne Hennes, Listing Office: Re/Max Realty Professionals
Is Reed Creek, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Reed Creek was a Neutral Market.
Key Takeaway
Reed Creek is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Reed Creek, GA
How much do homes in Reed Creek, GA cost?
Median Sold Price
$508,000
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$205,550(+68.0%)
Key Takeaway
Homes in Reed Creek have sold for 68% more than they did a year ago.
Summary: The median home sold price in Reed Creek was $508,000 in October 2024, up 68% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $270K | $455K | +68.5% |
| 3 Bedrooms | $274.7K | $284.5K | +3.6% |
| 4 Bedrooms | $365K | $874K | +139.5% |
| 5+ Bedrooms | $1.1M | $1.2M | +12.1% |
Summary: Reed Creek housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 68.5%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 139.5%, and 5+ bedroom homes increased by 12.1%.
Housing Supply in Reed Creek, GA
How many homes are available in Reed Creek, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 69 | +16.9% |
Summary: The Reed Creek real estate market had 69 homes for sale in October 2024, a 16.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 24 | 40 | +66.7% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 15 | 13 | -13.3% |
Summary: The Reed Creek 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 14.3%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Reed Creek, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Reed Creek in October 2024, down by 14.3% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Reed Creek, GA
How long does it take to sell a home in Reed Creek, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 Days | +58.6% |
Summary: Homes in Reed Creek had an average of 37 days on market in Oct 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Reed Creek are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Reed Creek; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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.