Is Redbud, 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, Redbud was a Seller's Market.
Key Takeaway
Redbud is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Redbud, GA
How much do homes in Redbud, GA cost?
Median Sold Price
$290,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Redbud have sold for 4.9% less than they did a year ago.
Summary: The median home sold price in Redbud was $290,000 in May 2024, down 4.9% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | - | N/A |
| 2 Bedrooms | $265K | $254K | -4.2% |
| 3 Bedrooms | $305K | $309K | +1.3% |
| 4 Bedrooms | $398.9K | $310K | -22.3% |
| 5+ Bedrooms | $1.9M | $502.5K | -74.6% |
Summary: Redbud 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 decreased by 4.2%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 22.3%, and 5+ bedroom homes decreased by 74.6%.
Median Sold Price Compared To Nearby Cities
| Sugar Valley-Resaca | $239K | $269.4K | +12.7% |
| Ludville | $342.5K | $343K | 0.1% |
| Casey Springs | $218K | $215K | -1.4% |
| Redbud | $305K | $290K | -4.9% |
Housing Supply in Redbud, GA
How many homes are available in Redbud, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 61 | +38.6% |
Summary: The Redbud real estate market had 61 homes for sale in May 2024, a 38.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 9 | +200.0% |
| 3 Bedrooms | 24 | 34 | +41.7% |
| 4 Bedrooms | 15 | 15 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Redbud housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 8 | +100.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Redbud, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Redbud in May 2024, up by 100.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Redbud, GA
How long does it take to sell a home in Redbud, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 35 Days | +93.2% |
Summary: Homes in Redbud had an average of 35 days on market in May 2024, up by 93.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Redbud are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 8 homes were sold in Redbud; 63% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 25% 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.