Is Colbert, 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, Colbert has remained a Seller's Market.
Key Takeaway
Colbert is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Colbert, GA
How much do homes in Colbert, GA cost?
Median Sold Price
$338,500
$175/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Colbert have sold for 7.5% more than they did a year ago.
Summary: The median home sold price in Colbert was $338,500 in May 2024, up 7.5% from last year, and the median price per square foot was $175.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $169K | $222.5K | +31.7% |
| 3 Bedrooms | $280K | $300K | +7.1% |
| 4 Bedrooms | $399K | $359.5K | -9.9% |
| 5+ Bedrooms | $330.5K | $818K | +147.5% |
Summary: Colbert 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 31.7%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 147.5%.
Housing Supply in Colbert, GA
How many homes are available in Colbert, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 39 | -7.1% |
Summary: The Colbert real estate market had 39 homes for sale in May 2024, a 7.1% 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 15 | 7 | -53.3% |
| 4 Bedrooms | 22 | 25 | +13.6% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Colbert 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 33.3%, 3 bedroom homes decreased by 53.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Colbert, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Colbert in May 2024, down by 26.7% month-over-month. Of the 10 sold homes, 30% were sold under asking, 50% were sold at asking, and 20% were sold over asking.
Days on Market for Colbert, GA
How long does it take to sell a home in Colbert, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 33 Days | +363.3% |
Summary: Homes in Colbert had an average of 33 days on market in May 2024, up by 363.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Colbert are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Colbert; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 
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.