Is Social Circle, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Social Circle is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Social Circle was a Seller's Market.

Key Takeaway

Social Circle is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Social Circle, GA

How much do homes in Social Circle, GA cost?

Median Sold Price

$370,000

$180/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$1,050(+0.3%)

Key Takeaway

The sold price of homes in Social Circle has remained the same since last year.

Summary: The median home sold price in Social Circle was $370,000 in November 2024, up 0.3% from last year, and the median price per square foot was $180.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$110K
N/A
2 $259K$235K
-9.3%
3 $365K$355.7K
-2.5%
4 $402K$409K
+1.7%
5+ $605K$550K
-9.1%

Summary: Social Circle housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes decreased by 9.1%.

Housing Supply in Social Circle, GA

How many homes are available in Social Circle, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6271+14.5%

Summary: The Social Circle real estate market had 71 homes for sale in November 2024, a 14.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3435
+2.9%
4 2025
+25.0%
5+ 710
+42.9%

Summary: The Social Circle housing inventory by bedroom type for November 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 2.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 42.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Social Circle, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Social Circle in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.

Days on Market for Social Circle, GA

How long does it take to sell a home in Social Circle, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
49 Days38 Days-21.9%

Summary: Homes in Social Circle had an average of 38 days on market in Nov 2024, down by 21.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 7 homes were sold in Social Circle; 57% of homes were sold within 30 days, 43% 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 21 Days Ago

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