$3,147 Closing Credit*
$265,000
1,682 SqFt
3 Beds
•2 Full Baths
Jeffrey Ducreay, Listing Office: Re/Max Premier
Is Rex, 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, Rex was a Seller's Market.
Key Takeaway
Rex 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 Rex, GA
How much do homes in Rex, GA cost?
Median Sold Price
$259,700
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,700(+3.9%)
Key Takeaway
Homes in Rex have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Rex was $259,700 in November 2024, up 3.9% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $255K | N/A |
| 3 Bedrooms | $245K | $237.5K | -3.1% |
| 4 Bedrooms | $285K | $291K | +2.1% |
| 5+ Bedrooms | $312.5K | $307.5K | -1.6% |
Summary: Rex 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 did not change, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Rex | $250K | $259.7K | +3.9% |
| Ellenwood | $300K | $300K | 0.0% |
| Forest Park-Morrow | $230.2K | $229.9K | -0.1% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 104 | 107 | +2.9% |
Summary: The Rex real estate market had 107 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 67 | 78 | +16.4% |
| 4 Bedrooms | 28 | 22 | -21.4% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Rex 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 increased by 16.4%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 16 | -5.9% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rex, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Rex in November 2024, down by 5.9% month-over-month. Of the 14 sold homes, 36% were sold under asking, 7% were sold at asking, and 57% were sold over asking.
Days on Market for Rex, GA
How long does it take to sell a home in Rex, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 49 Days | 52 Days | +6.5% |
Summary: Homes in Rex had an average of 52 days on market in Nov 2024, up by 6.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rex are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 16 homes were sold in Rex; 44% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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