Is Broad River, 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, Broad River has remained a Seller's Market.
Housing Prices in Broad River, GA
How much do homes in Broad River, GA cost?
Median Sold Price
$478,600
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Broad River was $478,600 in May 2024, up 67.9% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $285K | N/A |
2 Bedrooms | $75K | $550K | +633.3% |
3 Bedrooms | $292.5K | $404.3K | +38.2% |
4 Bedrooms | $210K | $339.9K | +61.9% |
5+ Bedrooms | $451K | $490.5K | +8.8% |
Summary: Broad River 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 633.3%, 3 bedroom homes increased by 38.2%, 4 bedroom homes increased by 61.9%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
Broad River | $285K | $478.6K | +67.9% |
Royston | $217.5K | $250K | +14.9% |
Royston | $217.5K | $249.5K | +14.7% |
Housing Supply in Broad River, GA
How many homes are available in Broad River, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 7 | -12.5% |
Summary: The Broad River real estate market had 7 homes for sale in May 2024, a 12.5% decrease 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 | 2 | 1 | -50.0% |
3 Bedrooms | 4 | 4 | 0.0% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Broad River 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Broad River in May 2024, up by 200.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Broad River, GA
How long does it take to sell a home in Broad River, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 139 Days | +672.2% |
Summary: Homes in Broad River had an average of 139 days on market in May 2024, up by 672.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in Broad River; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.