Is Sparta, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sparta is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, Sparta has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in Sparta, GA

How much do homes in Sparta, GA cost?

Median Sold Price

$415,000

$255/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$5,000(-1.2%)

Key Takeaway

Homes in Sparta have sold for 1.2% less than they did a year ago.

Summary: The median home sold price in Sparta was $415,000 in November 2024, down 1.2% from last year, and the median price per square foot was $255.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $230K$140K
-39.1%
2 $295K$305K
+3.4%
3 $415K$449K
+8.2%
4 $625K$500K
-20.0%
5+ $2.0M$250K
-87.5%

Summary: Sparta housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.1%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 87.5%.

Housing Supply in Sparta, GA

How many homes are available in Sparta, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4647+2.2%

Summary: The Sparta real estate market had 47 homes for sale in November 2024, a 2.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 44
0.0%
3 2324
+4.3%
4 1212
0.0%
5+ 66
0.0%

Summary: The Sparta 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 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
54-20.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sparta, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Sparta in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Sparta, GA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
60 Days34 Days-42.8%

Summary: Homes in Sparta had an average of 34 days on market in Nov 2024, down by 42.8% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Sparta; 50% of homes were sold within 30 days, 50% 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 2 Days Ago

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