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 September 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

$288,700

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$31,300(-9.8%)

Key Takeaway

Homes in Rock Spring have sold for 9.8% less than they did a year ago.

Summary: The median home sold price in Rock Spring was $288,700 in September 2024, down 9.8% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$208.9K
N/A
2 $235K$130K
-44.7%
3 $267.5K$270K
+0.9%
4 $377.5K$430K
+13.9%
5+ $448.5K$567K
+26.4%

Summary: Rock Spring housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 44.7%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 26.4%.

Median Sold Price Compared To Nearby Cities

La Fayette
+10.6%
Boynton Ridge
0.4%
Rock Spring
-9.8%

Housing Supply in Rock Spring, GA

How many homes are available in Rock Spring, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
4538-15.6%

Summary: The Rock Spring real estate market had 38 homes for sale in September 2024, a 15.6% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 72
-71.4%
3 2122
+4.8%
4 1513
-13.3%
5+ 21
-50.0%

Summary: The Rock Spring housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 71.4%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
137-46.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rock Spring, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Rock Spring in September 2024, down by 46.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% 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

Sep 2023Sep 2024CHANGE
35 Days58 Days+65.7%

Summary: Homes in Rock Spring had an average of 58 days on market in Sep 2024, up by 65.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Rock Spring has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Rock Spring; 0% of homes were sold within 30 days, 14% 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 Sep 1, 2024

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