Is Barnesville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Barnesville has remained a Seller's Market.
Key Takeaway
Barnesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Barnesville, GA
How much do homes in Barnesville, GA cost?
Median Sold Price
$239,450
$147/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Barnesville have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Barnesville was $239,450 in May 2024, up 4.1% from last year, and the median price per square foot was $147.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154K | N/A |
| 2 Bedrooms | $77.5K | $134K | +72.9% |
| 3 Bedrooms | $208.5K | $235K | +12.7% |
| 4 Bedrooms | $287K | $300K | +4.5% |
| 5+ Bedrooms | $350K | $384.5K | +9.9% |
Summary: Barnesville 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 72.9%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.9%.
Housing Supply in Barnesville, GA
How many homes are available in Barnesville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 | 68 | +15.3% |
Summary: The Barnesville real estate market had 68 homes for sale in May 2024, a 15.3% 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 | 6 | 6 | 0.0% |
| 3 Bedrooms | 26 | 31 | +19.2% |
| 4 Bedrooms | 20 | 24 | +20.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Barnesville 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 19.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 16 | +33.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Barnesville, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Barnesville in May 2024, up by 33.3% month-over-month. Of the 16 sold homes, 44% were sold under asking, 38% were sold at asking, and 19% were sold over asking.
Days on Market for Barnesville, GA
How long does it take to sell a home in Barnesville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 3 Days | 42 Days | +1121.2% |
Summary: Homes in Barnesville had an average of 42 days on market in May 2024, up by 1121.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Barnesville has remained consistent over time.
Summary: During May 2024, 16 homes were sold in Barnesville; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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