Is Rock Spring, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rock Spring is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Rock Spring has remained a Seller's Market.

Key Takeaway

Rock Spring is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Rock Spring, GA

How much do homes in Rock Spring, GA cost?

Median Sold Price

$317,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$17,000(+5.7%)

Key Takeaway

Homes in Rock Spring have sold for 5.7% more than they did a year ago.

Summary: The median home sold price in Rock Spring was $317,000 in October 2024, up 5.7% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$208.9K
N/A
2 $229.9K$193.5K
-15.8%
3 $270K$282K
+4.4%
4 $379K$430K
+13.5%
5+ $452.5K$535K
+18.2%

Summary: Rock Spring 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 decreased by 15.8%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 13.5%, and 5+ bedroom homes increased by 18.2%.

Median Sold Price Compared To Nearby Cities

La Fayette
+10.0%
Rock Spring
+5.7%
Boynton Ridge
+2.9%

Housing Supply in Rock Spring, GA

How many homes are available in Rock Spring, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5658+3.6%

Summary: The Rock Spring real estate market had 58 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 3637
+2.8%
4 1316
+23.1%
5+ 32
-33.3%

Summary: The Rock Spring 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 25%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
14140.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Spring, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Rock Spring in October 2024, the same as the previous month. Of the 14 sold homes, 21% were sold under asking, 21% were sold at asking, and 57% were sold over asking.

Days on Market for Rock Spring, GA

How long does it take to sell a home in Rock Spring, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
56 Days11 Days-79.0%

Summary: Homes in Rock Spring had an average of 11 days on market in Oct 2024, down by 79% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rock Spring are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 14 homes were sold in Rock Spring; 36% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Rock Spring, GA

Nearby Markets to Rock Spring, GA

What housing markets are near Rock Spring, GA?