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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stockbridge is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Stockbridge is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Stockbridge, GA

How much do homes in Stockbridge, GA cost?

Median Sold Price

$299,999

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$6,840(-2.2%)

Key Takeaway

Homes in Stockbridge have sold for 2.2% less than they did a year ago.

Summary: The median home sold price in Stockbridge was $299,999 in October 2024, down 2.2% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$180K
N/A
2 $204.9K$195K
-4.8%
3 $275K$269.6K
-2.0%
4 $350K$343.8K
-1.8%
5+ $435K$460K
+5.7%

Summary: Stockbridge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 5.7%.

Housing Supply in Stockbridge, GA

How many homes are available in Stockbridge, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
416462+11.1%

Summary: The Stockbridge real estate market had 462 homes for sale in October 2024, a 11.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 1923
+21.1%
3 195207
+6.2%
4 122137
+12.3%
5+ 7994
+19.0%

Summary: The Stockbridge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 19%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
8273-11.0%

Asking Price vs. Sold Price

33 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stockbridge, you may be able to get a good deal. 53.2% of homes here sold below asking price last month.

Summary: A total of 73 homes were sold or pending in Stockbridge in October 2024, down by 11.0% month-over-month. Of the 62 sold homes, 53% were sold under asking, 29% were sold at asking, and 18% were sold over asking.

Days on Market for Stockbridge, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days58 Days+156.6%

Summary: Homes in Stockbridge had an average of 58 days on market in Oct 2024, up by 156.6% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 73 homes were sold in Stockbridge; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% 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 17 Days Ago

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