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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toccoa is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Toccoa is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Toccoa, GA

How much do homes in Toccoa, GA cost?

Median Sold Price

$231,666

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$26,666(+13.0%)

Key Takeaway

Homes in Toccoa have sold for 13% more than they did a year ago.

Summary: The median home sold price in Toccoa was $231,666 in October 2024, up 13% from last year, and the median price per square foot was $152.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $85K-
N/A
2 $149.9K$155K
+3.4%
3 $205.5K$229K
+11.4%
4 $331.2K$326.4K
-1.4%
5+ $391.5K$508K
+29.8%

Summary: Toccoa 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 increased by 3.4%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 29.8%.

Median Sold Price Compared To Nearby Cities

Rock Creek
+19.7%
Toccoa
+13.0%
Martin-Avalon
+4.9%
Eastanollee
+1.9%

Housing Supply in Toccoa, GA

How many homes are available in Toccoa, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
111127+14.4%

Summary: The Toccoa real estate market had 127 homes for sale in October 2024, a 14.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1521
+40.0%
3 4857
+18.8%
4 3330
-9.1%
5+ 1417
+21.4%

Summary: The Toccoa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 21.4%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1617+6.3%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toccoa, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Toccoa in October 2024, up by 6.3% month-over-month. Of the 13 sold homes, 62% were sold under asking, 8% were sold at asking, and 31% were sold over asking.

Days on Market for Toccoa, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
22 Days62 Days+170.7%

Summary: Homes in Toccoa had an average of 62 days on market in Oct 2024, up by 170.7% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 17 homes were sold in Toccoa; 53% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 24% 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 16 Days Ago

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