Is Tunnel Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tunnel Hill is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Tunnel Hill was a Buyer's Market.

Key Takeaway

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

Housing Prices in Tunnel Hill, GA

How much do homes in Tunnel Hill, GA cost?

Median Sold Price

$239,900

$169/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$100(0%)

Key Takeaway

The sold price of homes in Tunnel Hill has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $252.5K$129.9K
-48.6%
3 $232.5K$236.9K
+1.9%
4 $344K$307.5K
-10.6%
5+ $202K$357.5K
+77.0%

Summary: Tunnel Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 48.6%, 3 bedroom homes increased by 1.9%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 77%.

Median Sold Price Compared To Nearby Cities

West Whitfield
0.4%
Tunnel Hill
0%

Housing Supply in Tunnel Hill, GA

How many homes are available in Tunnel Hill, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3334+3.0%

Summary: The Tunnel Hill real estate market had 34 homes for sale in November 2024, a 3.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 2526
+4.0%
4 42
-50.0%
5+ 46
+50.0%

Summary: The Tunnel Hill housing inventory by bedroom type for November 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 4%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
512+140.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tunnel Hill, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Tunnel Hill in November 2024, up by 140.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Tunnel Hill, GA

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

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 12 homes were sold in Tunnel Hill; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Tunnel Hill, GA

Nearby Markets to Tunnel Hill, GA

What housing markets are near Tunnel Hill, GA?