Is Chestatee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Chestatee was a Seller's Market.
Key Takeaway
Chestatee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chestatee, GA
How much do homes in Chestatee, GA cost?
Median Sold Price
$490,000
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Chestatee has remained the same since last year.
Summary: The median home sold price in Chestatee was $490,000 in May 2024, up 0.1% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $297.4K | +8.2% |
| 2 Bedrooms | $240K | $300K | +25.0% |
| 3 Bedrooms | $368K | $375K | +1.9% |
| 4 Bedrooms | $533.7K | $552K | +3.4% |
| 5+ Bedrooms | $585K | $669K | +14.4% |
Summary: Chestatee housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.2%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 14.4%.
Median Sold Price Compared To Nearby Cities
| Silver City | $503.2K | $540K | +7.3% |
| Blacks Mill | $425.6K | $454.2K | +6.7% |
| Chestatee | $489.6K | $490K | 0.1% |
| Murrayville | $404K | $400K | -1.0% |
Housing Supply in Chestatee, GA
How many homes are available in Chestatee, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 148 | 147 | -0.7% |
Summary: The Chestatee real estate market had 147 homes for sale in May 2024, a 0.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 32 | 42 | +31.3% |
| 4 Bedrooms | 68 | 52 | -23.5% |
| 5+ Bedrooms | 42 | 45 | +7.1% |
Summary: The Chestatee housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 23.5%, and 5+ bedroom homes increased by 7.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 48 | 20 | -58.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chestatee, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Chestatee in May 2024, down by 58.3% month-over-month. Of the 20 sold homes, 40% were sold under asking, 35% were sold at asking, and 25% were sold over asking.
Days on Market for Chestatee, GA
How long does it take to sell a home in Chestatee, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 24 Days | -29.9% |
Summary: Homes in Chestatee had an average of 24 days on market in May 2024, down by 29.9% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chestatee are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Chestatee; 65% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.