Is Blacks Mill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Blacks Mill is a neutral's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

Blacks Mill is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Blacks Mill, GA

How much do homes in Blacks Mill, GA cost?

Median Sold Price

$454,248

$218/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,626(+6.7%)

Key Takeaway

Homes in Blacks Mill have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Blacks Mill was $454,248 in May 2024, up 6.7% from last year, and the median price per square foot was $218.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $186K$450K
+141.9%
2 $300K$275K
-8.3%
3 $350.6K$371K
+5.8%
4 $477.4K$535K
+12.0%
5+ $569K$827K
+45.3%

Summary: Blacks Mill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.9%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 45.3%.

Median Sold Price Compared To Nearby Cities

Blacks Mill
+6.7%
Dawsonville
+1.8%
Murrayville
-1.0%

Housing Supply in Blacks Mill, GA

How many homes are available in Blacks Mill, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
133168+26.3%

Summary: The Blacks Mill real estate market had 168 homes for sale in May 2024, a 26.3% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 43
-25.0%
3 4157
+39.0%
4 4351
+18.6%
5+ 4557
+26.7%

Summary: The Blacks Mill 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 decreased by 25%, 3 bedroom homes increased by 39%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 26.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2026+30.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Blacks Mill, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Blacks Mill in May 2024, up by 30.0% month-over-month. Of the 24 sold homes, 50% were sold under asking, 13% were sold at asking, and 38% were sold over asking.

Days on Market for Blacks Mill, GA

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

Average Sale Time

May 2023May 2024CHANGE
38 Days22 Days-40.6%

Summary: Homes in Blacks Mill had an average of 22 days on market in May 2024, down by 40.6% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 26 homes were sold in Blacks Mill; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 4% 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 1 Day Ago

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