Is Talking Rock, 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, Talking Rock was a Seller's Market.
Housing Prices in Talking Rock, GA
How much do homes in Talking Rock, GA cost?
Median Sold Price
$351,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Talking Rock was $351,000 in May 2024, down 10% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $273.5K | $252.5K | -7.7% |
3 Bedrooms | $300K | $340K | +13.3% |
4 Bedrooms | $573K | $404.2K | -29.5% |
5+ Bedrooms | $490K | $912K | +86.1% |
Summary: Talking Rock 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 decreased by 7.7%, 3 bedroom homes increased by 13.3%, 4 bedroom homes decreased by 29.5%, and 5+ bedroom homes increased by 86.1%.
Housing Supply in Talking Rock, GA
How many homes are available in Talking Rock, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 60 | +25.0% |
Summary: The Talking Rock real estate market had 60 homes for sale in May 2024, a 25.0% 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 | 9 | 9 | 0.0% |
3 Bedrooms | 21 | 33 | +57.1% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Talking Rock 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 remained the same, 3 bedroom homes increased by 57.1%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 5 | -37.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Talking Rock in May 2024, down by 37.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Talking Rock, GA
How long does it take to sell a home in Talking Rock, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
25 Days | 86 Days | +236.7% |
Summary: Homes in Talking Rock had an average of 86 days on market in May 2024, up by 236.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Talking Rock; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.