Is Bishop, 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, Bishop has remained a Seller's Market.
Housing Prices in Bishop, GA
How much do homes in Bishop, GA cost?
Median Sold Price
$615,000
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bishop was $615,000 in May 2024, up 1.7% 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 | $332.5K | $249.9K | -24.8% |
3 Bedrooms | $356.2K | $468K | +31.4% |
4 Bedrooms | $599K | $643K | +7.3% |
5+ Bedrooms | $717.6K | $717K | -0.1% |
Summary: Bishop 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 24.8%, 3 bedroom homes increased by 31.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes decreased by 0.1%.
Housing Supply in Bishop, GA
How many homes are available in Bishop, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 52 | +30.0% |
Summary: The Bishop real estate market had 52 homes for sale in May 2024, a 30.0% 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 | 1 | 3 | +200.0% |
3 Bedrooms | 14 | 13 | -7.1% |
4 Bedrooms | 15 | 25 | +66.7% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Bishop 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 200%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 15 | +150.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Bishop in May 2024, up by 150.0% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% were sold over asking.
Days on Market for Bishop, GA
How long does it take to sell a home in Bishop, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 34 Days | +8.5% |
Summary: Homes in Bishop had an average of 34 days on market in May 2024, up by 8.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Bishop; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.