$8,016 Closing Credit*
$675,000
1,712 SqFt
3 Beds
•2 Full Baths
Cheryl Croft, Listing Office: Drake Realty Lake Area, LLC
Is Sparta, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 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
$409,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$18,500(-4.3%)
Key Takeaway
Homes in Sparta have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Sparta was $409,000 in December 2024, down 4.3% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $230K | $140K | -39.1% |
| 2 Bedrooms | $375K | $290K | -22.7% |
| 3 Bedrooms | $425K | $476.5K | +12.1% |
| 4 Bedrooms | $565K | $445.2K | -21.2% |
| 5+ Bedrooms | $2.0M | $250K | -87.5% |
Summary: Sparta housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 39.1%, 2 bedroom homes decreased by 22.7%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 21.2%, 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
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 43 | 45 | +4.7% |
Summary: The Sparta real estate market had 45 homes for sale in December 2024, a 4.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 20 | 21 | +5.0% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Sparta housing inventory by bedroom type for December 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 5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sparta, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Sparta in December 2024, up by 50.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 66 Days | 69 Days | +4.8% |
Summary: Homes in Sparta had an average of 69 days on market in Dec 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sparta are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 6 homes were sold in Sparta; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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