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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thomaston is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Thomaston 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 Thomaston, GA

How much do homes in Thomaston, GA cost?

Median Sold Price

$193,000

$131/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$3,000(+1.6%)

Key Takeaway

Homes in Thomaston have sold for 1.6% more than they did a year ago.

Summary: The median home sold price in Thomaston was $193,000 in October 2024, up 1.6% from last year, and the median price per square foot was $131.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $100K$75K
-25.0%
2 $139K$147K
+5.8%
3 $207.5K$212K
+2.2%
4 $322.5K$266K
-17.5%
5+ $345.5K$335K
-3.0%

Summary: Thomaston housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 2.2%, 4 bedroom homes decreased by 17.5%, and 5+ bedroom homes decreased by 3%.

Housing Supply in Thomaston, GA

How many homes are available in Thomaston, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
112121+8.0%

Summary: The Thomaston real estate market had 121 homes for sale in October 2024, a 8.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 54
-20.0%
2 1816
-11.1%
3 5562
+12.7%
4 2325
+8.7%
5+ 1114
+27.3%

Summary: The Thomaston housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1718+5.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thomaston, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Thomaston in October 2024, up by 5.9% month-over-month. Of the 15 sold homes, 60% were sold under asking, 7% were sold at asking, and 33% were sold over asking.

Days on Market for Thomaston, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days36 Days+44.6%

Summary: Homes in Thomaston had an average of 36 days on market in Oct 2024, up by 44.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 18 homes were sold in Thomaston; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% 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

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