Is Gray-Macon East, 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-Macon East has remained a Seller's Market.
Housing Prices in Gray-Macon East, GA
How much do homes in Gray-Macon East, GA cost?
Median Sold Price
$254,000
$129/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Gray-Macon East was $254,000 in May 2024, up 6.9% from last year, and the median price per square foot was $129.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $118.5K | $108K | -8.9% |
2 Bedrooms | $79.2K | $145K | +83.0% |
3 Bedrooms | $197K | $217K | +10.2% |
4 Bedrooms | $300K | $289K | -3.7% |
5+ Bedrooms | $322.5K | $385K | +19.4% |
Summary: Gray-Macon East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 83%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes increased by 19.4%.
Median Sold Price Compared To Nearby Cities
Macon | $160.2K | $181.9K | +13.5% |
Gray | $266K | $295K | +10.9% |
Gray-Macon East | $237.4K | $254K | +6.9% |
Housing Supply in Gray-Macon East, GA
How many homes are available in Gray-Macon East, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
95 | 115 | +21.1% |
Summary: The Gray-Macon East real estate market had 115 homes for sale in May 2024, a 21.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 37 | 49 | +32.4% |
4 Bedrooms | 35 | 42 | +20.0% |
5+ Bedrooms | 13 | 15 | +15.4% |
Summary: The Gray-Macon East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes increased by 32.4%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
12 | 29 | +141.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Gray-Macon East in May 2024, up by 141.7% month-over-month. Of the 23 sold homes, 35% were sold under asking, 39% were sold at asking, and 26% were sold over asking.
Days on Market for Gray-Macon East, GA
How long does it take to sell a home in Gray-Macon East, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
15 Days | 61 Days | +297.5% |
Summary: Homes in Gray-Macon East had an average of 61 days on market in May 2024, up by 297.5% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During May 2024, 29 homes were sold in Gray-Macon East; 52% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.