Is Telfair County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Telfair County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Telfair County has remained a Seller's Market.

Key Takeaway

Telfair County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Telfair County, GA

How much do homes in Telfair County, GA cost?

Median Sold Price

$138,000

$83/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,000(+8.7%)

Key Takeaway

Homes in Telfair County have sold for 8.7% more than they did a year ago.

Summary: The median home sold price in Telfair County was $138,000 in October 2024, up 8.7% from last year, and the median price per square foot was $83.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $91K$85K
-6.6%
3 $140.8K$140K
-0.6%
4 $154.2K$186K
+20.6%
5+ $305K$275K
-9.8%

Summary: Telfair County 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 6.6%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes decreased by 9.8%.

Housing Supply in Telfair County, GA

How many homes are available in Telfair County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2629+11.5%

Summary: The Telfair County real estate market had 29 homes for sale in October 2024, a 11.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 66
0.0%
3 1215
+25.0%
4 35
+66.7%
5+ 53
-40.0%

Summary: The Telfair County 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 remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Telfair County, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Telfair County in October 2024, up by 75.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for Telfair County, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
54 Days47 Days-12.6%

Summary: Homes in Telfair County had an average of 47 days on market in Oct 2024, down by 12.6% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Telfair County; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% 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 4 Days Ago

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