Is Peachtree City, 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, Peachtree City has remained a Seller's Market.
Housing Prices in Peachtree City, GA
How much do homes in Peachtree City, GA cost?
Median Sold Price
$556,500
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Peachtree City was $556,500 in May 2024, up 6.5% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $196.5K | -6.4% |
2 Bedrooms | $360K | $375K | +4.2% |
3 Bedrooms | $388K | $460K | +18.6% |
4 Bedrooms | $535K | $589.9K | +10.3% |
5+ Bedrooms | $630K | $799K | +26.8% |
Summary: Peachtree City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.4%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 18.6%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 26.8%.
Median Sold Price Compared To Nearby Cities
Peachtree City-Tyrone | $540.3K | $598K | +10.7% |
Tyrone | $535K | $589K | +10.1% |
Peachtree City | $522.4K | $556.5K | +6.5% |
Senoia | $524.3K | $538.9K | +2.8% |
Housing Supply in Peachtree City, GA
How many homes are available in Peachtree City, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
159 | 182 | +14.5% |
Summary: The Peachtree City real estate market had 182 homes for sale in May 2024, a 14.5% 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 | 21 | 23 | +9.5% |
3 Bedrooms | 51 | 60 | +17.6% |
4 Bedrooms | 50 | 61 | +22.0% |
5+ Bedrooms | 35 | 37 | +5.7% |
Summary: The Peachtree City 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 9.5%, 3 bedroom homes increased by 17.6%, 4 bedroom homes increased by 22%, and 5+ bedroom homes increased by 5.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Peachtree City in May 2024, up by 10.6% month-over-month. Of the 44 sold homes, 43% were sold under asking, 27% were sold at asking, and 30% were sold over asking.
Days on Market for Peachtree City, GA
How long does it take to sell a home in Peachtree City, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 18 Days | -12.6% |
Summary: Homes in Peachtree City had an average of 18 days on market in May 2024, down by 12.6% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Peachtree City; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.