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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Varnell is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Varnell, GA

How much do homes in Varnell, GA cost?

Median Sold Price

$380,000

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$195,050(+105.5%)

Key Takeaway

Homes in Varnell have sold for 105.5% more than they did a year ago.

Summary: The median home sold price in Varnell was $380,000 in May 2024, up 105.5% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $155K-
N/A
2 $136K-
N/A
3 $180K$270K
+50.0%
4 $365K$419.9K
+15.0%
5+ $660K$687.5K
+4.2%

Summary: Varnell 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 did not change, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities

Varnell
+105.5%
North Whitfield
+27.5%

Housing Supply in Varnell, GA

How many homes are available in Varnell, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
511+120.0%

Summary: The Varnell real estate market had 11 homes for sale in May 2024, a 120.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 24
+100.0%
4 12
+100.0%
5+ 02
+100.0%

Summary: The Varnell 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 50%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
01+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Varnell, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Varnell in May 2024, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Varnell, GA

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

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Varnell has remained consistent over time.

Summary: During May 2024, 1 homes were sold in Varnell; 0% of homes were sold within 30 days, 100% 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 2 Days Ago

Newest Listings in Varnell, GA

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