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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Towns County is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Towns County, GA

How much do homes in Towns County, GA cost?

Median Sold Price

$433,950

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$58,950(+15.7%)

Key Takeaway

Homes in Towns County have sold for 15.7% more than they did a year ago.

Summary: The median home sold price in Towns County was $433,950 in November 2024, up 15.7% from last year, and the median price per square foot was $229.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $180K$172K
-4.4%
2 $315K$270K
-14.3%
3 $390.5K$485K
+24.2%
4 $547.5K$552K
+0.8%
5+ $925K$1.4M
+56.6%

Summary: Towns County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 56.6%.

Median Sold Price Compared To Nearby Counties

Towns County
+15.7%
Union County
+10.1%
Habersham County
+6.4%
White County
+1.4%
Clay County
-1.6%

Housing Supply in Towns County, GA

How many homes are available in Towns County, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
286316+10.5%

Summary: The Towns County real estate market had 316 homes for sale in November 2024, a 10.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 912
+33.3%
2 8587
+2.4%
3 123139
+13.0%
4 5564
+16.4%
5+ 1414
0.0%

Summary: The Towns County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1314+7.7%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Towns County, you may be able to get a good deal. 92.3% of homes here sold below asking price last month.

Summary: A total of 14 homes were sold or pending in Towns County in November 2024, up by 7.7% month-over-month. Of the 13 sold homes, 92% were sold under asking, 0% were sold at asking, and 8% were sold over asking.

Days on Market for Towns County, GA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
47 Days103 Days+119.6%

Summary: Homes in Towns County had an average of 103 days on market in Nov 2024, up by 119.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 14 homes were sold in Towns County; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% 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

Newest Listings in Towns County, GA

Nearby Markets to Towns County, GA

What housing markets are near Towns County, GA?