Is Banks County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Banks County was a Neutral Market.
Housing Prices in Banks County, GA
How much do homes in Banks County, GA cost?
Median Sold Price
$337,175
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Banks County was $337,175 in April 2024, up 7% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $186.4K | $117.7K | -36.8% |
2 Bedrooms | $156.5K | $225K | +43.8% |
3 Bedrooms | $300K | $310K | +3.3% |
4 Bedrooms | $369K | $383.5K | +3.9% |
5+ Bedrooms | $530K | $463.3K | -12.6% |
Summary: Banks County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.8%, 2 bedroom homes increased by 43.8%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 12.6%.
Median Sold Price Compared To Nearby Counties
Stephens County | $215K | $237.5K | +10.5% |
Banks County | $315K | $337.1K | +7.0% |
Hall County | $372.8K | $388.7K | +4.3% |
Jackson County | $411.7K | $426.9K | +3.7% |
Franklin County | $254K | $262.5K | +3.3% |
Housing Supply in Banks County, GA
How many homes are available in Banks County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
106 | 107 | +0.9% |
Summary: The Banks County real estate market had 107 homes for sale in April 2024, a 0.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 40 | 37 | -7.5% |
4 Bedrooms | 43 | 45 | +4.7% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Banks County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 27 | +58.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Banks County in April 2024, up by 58.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% were sold over asking.
Days on Market for Banks County, GA
How long does it take to sell a home in Banks County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 69 Days | +169.9% |
Summary: Homes in Banks County had an average of 69 days on market in Apr 2024, up by 169.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 27 homes were sold in Banks County; 37% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.