Is South Rockdale, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, South Rockdale was a Seller's Market.
Housing Prices in South Rockdale, GA
How much do homes in South Rockdale, GA cost?
Median Sold Price
$323,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Rockdale was $323,000 in May 2024, down 0.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | - | N/A |
2 Bedrooms | $207.5K | $300K | +44.6% |
3 Bedrooms | $275K | $267.4K | -2.7% |
4 Bedrooms | $360K | $350K | -2.8% |
5+ Bedrooms | $450K | $539K | +19.8% |
Summary: South Rockdale housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 44.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
Covington-Porterdale | $298.8K | $303K | +1.4% |
South Rockdale | $323.8K | $323K | -0.3% |
Ellenwood | $306.1K | $300K | -2.0% |
Housing Supply in South Rockdale, GA
How many homes are available in South Rockdale, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
186 | 196 | +5.4% |
Summary: The South Rockdale real estate market had 196 homes for sale in May 2024, a 5.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 5 | +400.0% |
3 Bedrooms | 74 | 76 | +2.7% |
4 Bedrooms | 62 | 63 | +1.6% |
5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The South Rockdale housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 400%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 29 | -32.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in South Rockdale in May 2024, down by 32.6% month-over-month. Of the 24 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for South Rockdale, GA
How long does it take to sell a home in South Rockdale, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
47 Days | 33 Days | -28.1% |
Summary: Homes in South Rockdale had an average of 33 days on market in May 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in South Rockdale; 45% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.