Is Gray, 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, Gray has remained a Seller's Market.
Key Takeaway
Gray is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gray, GA
How much do homes in Gray, GA cost?
Median Sold Price
$295,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Gray have sold for 10.9% more than they did a year ago.
Summary: The median home sold price in Gray was $295,000 in May 2024, up 10.9% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $113K | -13.1% |
| 2 Bedrooms | $29.9K | $33K | +10.4% |
| 3 Bedrooms | $211K | $247.9K | +17.5% |
| 4 Bedrooms | $322K | $330.9K | +2.8% |
| 5+ Bedrooms | $334.5K | $395K | +18.1% |
Summary: Gray housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.1%, 2 bedroom homes increased by 10.4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Gray | $266K | $295K | +10.9% |
| Gray-Macon East | $237.4K | $254K | +6.9% |
Housing Supply in Gray, GA
How many homes are available in Gray, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 47 | +23.7% |
Summary: The Gray real estate market had 47 homes for sale in May 2024, a 23.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 13 | 23 | +76.9% |
| 4 Bedrooms | 13 | 13 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Gray housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 76.9%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 12 | +71.4% |
Asking Price vs. Sold Price
4 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 Gray, expect to pay close to the asking price. 45.5% of homes here sold near the asking price last month.
Summary: A total of 12 homes were sold or pending in Gray in May 2024, up by 71.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 45% were sold at asking, and 18% were sold over asking.
Days on Market for Gray, GA
How long does it take to sell a home in Gray, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 12 Days | 59 Days | +398.6% |
Summary: Homes in Gray had an average of 59 days on market in May 2024, up by 398.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gray are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Gray; 58% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 33% 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. 
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.