Is Rock Spring, 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, Rock Spring has remained a Seller's Market.
Housing Prices in Rock Spring, GA
How much do homes in Rock Spring, GA cost?
Median Sold Price
$294,000
$177/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Rock Spring was $294,000 in May 2024, down 1.7% from last year, and the median price per square foot was $177.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $208.9K | N/A |
2 Bedrooms | $235K | $192K | -18.3% |
3 Bedrooms | $250K | $264.5K | +5.8% |
4 Bedrooms | $365K | $390K | +6.8% |
5+ Bedrooms | $405K | $512.5K | +26.5% |
Summary: Rock Spring 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 18.3%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
Boynton Ridge | $309.9K | $339K | +9.4% |
La Fayette | $204.3K | $210K | +2.8% |
Rock Spring | $299K | $294K | -1.7% |
Housing Supply in Rock Spring, GA
How many homes are available in Rock Spring, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 51 | +4.1% |
Summary: The Rock Spring real estate market had 51 homes for sale in May 2024, a 4.1% increase 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 | 3 | 0.0% |
3 Bedrooms | 26 | 30 | +15.4% |
4 Bedrooms | 14 | 14 | 0.0% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Rock Spring 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 remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 14 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Rock Spring in May 2024, the same as the previous month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Rock Spring, GA
How long does it take to sell a home in Rock Spring, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 17 Days | -14.5% |
Summary: Homes in Rock Spring had an average of 17 days on market in May 2024, down by 14.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in Rock Spring; 21% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.