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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Toccoa is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Toccoa has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Toccoa, GA

How much do homes in Toccoa, GA cost?

Median Sold Price

$227,450

$147/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$37,450(+19.7%)

Key Takeaway

Homes in Toccoa have sold for 19.7% more than they did a year ago.

Summary: The median home sold price in Toccoa was $227,450 in May 2024, up 19.7% from last year, and the median price per square foot was $147.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $56.5K$144K
+154.9%
2 $140K$149.9K
+7.1%
3 $190K$232.7K
+22.5%
4 $247K$333.5K
+35.0%
5+ $450K$529.9K
+17.8%

Summary: Toccoa housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 154.9%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 22.5%, 4 bedroom homes increased by 35%, and 5+ bedroom homes increased by 17.8%.

Median Sold Price Compared To Nearby Cities

Rock Creek
+42.8%
Eastanollee
+26.7%
Toccoa
+19.7%
Martin-Avalon
+11.2%

Housing Supply in Toccoa, GA

How many homes are available in Toccoa, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
123151+22.8%

Summary: The Toccoa real estate market had 151 homes for sale in May 2024, a 22.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2931
+6.9%
3 5873
+25.9%
4 3136
+16.1%
5+ 511
+120.0%

Summary: The Toccoa 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 6.9%, 3 bedroom homes increased by 25.9%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 120%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2535+40.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Toccoa, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Toccoa in May 2024, up by 40.0% month-over-month. Of the 35 sold homes, 60% were sold under asking, 14% were sold at asking, and 26% were sold over asking.

Days on Market for Toccoa, GA

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

Average Sale Time

May 2023May 2024CHANGE
25 Days39 Days+57.1%

Summary: Homes in Toccoa had an average of 39 days on market in May 2024, up by 57.1% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 35 homes were sold in Toccoa; 57% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 9% 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 10 Days Ago

Newest Listings in Toccoa, GA

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