$4,273 Closing Credit*
$359,800
2,059 SqFt
3 Beds
•2 Full Baths
Steve Graves, Listing Office: Hardy Realty and Development Company
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
Last month, Shannon was a Neutral 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
$287,500
$178/sqft
Based on all homes sold in September 2024.
Difference Since Last Month
-$427,500(-59.8%)
Key Takeaway
Homes in Shannon have sold for 59.8% less than they did a month ago.
Summary: The median home sold price in Shannon was $287,500 in September 2024, down 59.8% from last month, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $138K | $160K | +15.9% |
| 3 Bedrooms | $300K | - | N/A |
| 4 Bedrooms | $715K | $300K | -58.0% |
| 5+ Bedrooms | $769K | - | N/A |
Summary: Shannon housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 15.9%, 3 bedroom homes did not change, 4 bedroom homes decreased by 58%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Plainville | $290K | $199.9K | -31.1% |
| Shannon | $715K | $287.5K | -59.8% |
Housing Supply in Shannon, GA
How many homes are available in Shannon, GA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 33 | 33 | 0.0% |
Summary: The Shannon real estate market had 33 homes for sale in September 2024, the same as August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Shannon housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Shannon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Shannon in September 2024, up by 60.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 81 Days | 30 Days | -63.1% |
Summary: Homes in Shannon had an average of 30 days on market in Sep 2024, down by 63.1% compared to last month.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Shannon are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in Shannon; 63% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% 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.