$3,028 Closing Credit*
$255,000
1,732 SqFt
3 Beds
•2 Full Baths
Lauren R. Kelly, Listing Office: Atlanta Communities
Is Shannon, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Shannon has remained a Seller's Market.
Key Takeaway
Shannon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Shannon, GA
How much do homes in Shannon, GA cost?
Median Sold Price
$227,500
$139/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$60,000(-20.9%)
Key Takeaway
Homes in Shannon have sold for 20.9% less than they did a month ago.
Summary: The median home sold price in Shannon was $227,500 in October 2024, down 20.9% from last month, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $124.9K | N/A |
| 2 Bedrooms | $160K | $185K | +15.6% |
| 3 Bedrooms | - | $187.5K | N/A |
| 4 Bedrooms | $300K | $385K | +28.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Shannon housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.6%, 3 bedroom homes did not change, 4 bedroom homes increased by 28.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Shannon | $287.5K | $227.5K | -20.9% |
| Plainville | $199.9K | $88.2K | -55.9% |
Housing Supply in Shannon, GA
How many homes are available in Shannon, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 34 | +9.7% |
Summary: The Shannon real estate market had 34 homes for sale in October 2024, a 9.7% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 8 | 4 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Shannon 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 remained the same, 3 bedroom homes increased by 46.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 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 Shannon, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Shannon in October 2024, up by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Shannon, GA
How long does it take to sell a home in Shannon, GA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 53 Days | +39.3% |
Summary: Homes in Shannon had an average of 53 days on market in Oct 2024, up by 39.3% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Shannon has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Shannon; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% 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.