$2,874 Closing Credit*
$242,000
1,788 SqFt
3 Beds
•2 Full Baths, 1 Partial
Copper Toure, Listing Office: Desari Jabbar Realty Group LLC
Is Rex, 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, 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
$259,000
$151/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$9,000(+3.6%)
Key Takeaway
Homes in Rex have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Rex was $259,000 in October 2024, up 3.6% from last year, and the median price per square foot was $151.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $255K | N/A |
| 3 Bedrooms | $248K | $237.5K | -4.2% |
| 4 Bedrooms | $283.5K | $291K | +2.6% |
| 5+ Bedrooms | $312.5K | $315K | +0.8% |
Summary: Rex 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 did not change, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 2.6%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
| Rex | $250K | $259K | +3.6% |
| Ellenwood | $300K | $300K | 0.0% |
| Forest Park-Morrow | $230K | $229.8K | -0.1% |
Housing Supply in Rex, GA
How many homes are available in Rex, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 117 | +4.5% |
Summary: The Rex real estate market had 117 homes for sale in October 2024, a 4.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 69 | 76 | +10.1% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Rex 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 100%, 3 bedroom homes increased by 10.1%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 17 | -19.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rex, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Rex in October 2024, down by 19.0% month-over-month. Of the 16 sold homes, 38% were sold under asking, 44% were sold at asking, and 19% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 58 Days | +84.5% |
Summary: Homes in Rex had an average of 58 days on market in Oct 2024, up by 84.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 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 October 2024, 17 homes were sold in Rex; 47% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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.