Is South Rockdale, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Rockdale is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, South Rockdale was a Seller's Market.

Key Takeaway

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

Housing Prices in South Rockdale, GA

How much do homes in South Rockdale, GA cost?

Median Sold Price

$315,375

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,875(-1.5%)

Key Takeaway

Homes in South Rockdale have sold for 1.5% less than they did a year ago.

Summary: The median home sold price in South Rockdale was $315,375 in November 2024, down 1.5% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $247K$214.9K
-13.0%
3 $262K$270.5K
+3.2%
4 $360K$350K
-2.8%
5+ $516.8K$500K
-3.3%

Summary: South Rockdale 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 13%, 3 bedroom homes increased by 3.2%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes decreased by 3.3%.

Median Sold Price Compared To Nearby Cities

Covington-Porterdale
+1.8%
Ellenwood
0.0%
South Rockdale
-1.5%

Housing Supply in South Rockdale, GA

How many homes are available in South Rockdale, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
228226-0.9%

Summary: The South Rockdale real estate market had 226 homes for sale in November 2024, a 0.9% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 22
0.0%
3 8888
0.0%
4 7568
-9.3%
5+ 6368
+7.9%

Summary: The South Rockdale 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 remained the same, 4 bedroom homes decreased by 9.3%, and 5+ bedroom homes increased by 7.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3224-25.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Rockdale, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 24 homes were sold or pending in South Rockdale in November 2024, down by 25.0% month-over-month. Of the 21 sold homes, 33% were sold under asking, 43% were sold at asking, and 24% were sold over asking.

Days on Market for South Rockdale, GA

How long does it take to sell a home in South Rockdale, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
43 Days70 Days+63.6%

Summary: Homes in South Rockdale had an average of 70 days on market in Nov 2024, up by 63.6% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in South Rockdale has remained consistent over time.

Summary: During November 2024, 24 homes were sold in South Rockdale; 29% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 29% 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 South Rockdale, GA

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What housing markets are near South Rockdale, GA?