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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tifton is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Tifton was a Neutral Market.

Key Takeaway

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

Housing Prices in Tifton, GA

How much do homes in Tifton, GA cost?

Median Sold Price

$297,400

$162/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$34,400(+13.1%)

Key Takeaway

Homes in Tifton have sold for 13.1% more than they did a month ago.

Summary: The median home sold price in Tifton was $297,400 in October 2024, up 13.1% from last month, and the median price per square foot was $162.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 $68K-
N/A
3 $263K$234.8K
-10.7%
4 -$360K
N/A
5+ $415K-
N/A

Summary: Tifton housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 10.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Tifton, GA

How many homes are available in Tifton, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2021+5.0%

Summary: The Tifton real estate market had 21 homes for sale in October 2024, a 5.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 89
+12.5%
4 79
+28.6%
5+ 32
-33.3%

Summary: The Tifton 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 decreased by 50%, 3 bedroom homes increased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
34+33.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tifton, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 4 homes were sold or pending in Tifton in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.

Days on Market for Tifton, GA

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

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days88 Days+226.9%

Summary: Homes in Tifton had an average of 88 days on market in Oct 2024, up by 226.9% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Tifton are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 4 homes were sold in Tifton; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% 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 21 Days Ago

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