Is South Rockdale, 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, South Rockdale was a Seller's Market.
Key Takeaway
South Rockdale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Rockdale, GA
How much do homes in South Rockdale, GA cost?
Median Sold Price
$323,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in South Rockdale has remained the same since last year.
Summary: The median home sold price in South Rockdale was $323,000 in May 2024, down 0.3% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $115K | - | N/A |
| 2 Bedrooms | $207.5K | $300K | +44.6% |
| 3 Bedrooms | $275K | $267.4K | -2.7% |
| 4 Bedrooms | $360K | $350K | -2.8% |
| 5+ Bedrooms | $450K | $539K | +19.8% |
Summary: South Rockdale 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 increased by 44.6%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 19.8%.
Median Sold Price Compared To Nearby Cities
| Covington-Porterdale | $298.8K | $303K | +1.4% |
| South Rockdale | $323.8K | $323K | -0.3% |
| Ellenwood | $306.1K | $300K | -2.0% |
Housing Supply in South Rockdale, GA
How many homes are available in South Rockdale, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 186 | 196 | +5.4% |
Summary: The South Rockdale real estate market had 196 homes for sale in May 2024, a 5.4% 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 | 1 | 5 | +400.0% |
| 3 Bedrooms | 74 | 76 | +2.7% |
| 4 Bedrooms | 62 | 63 | +1.6% |
| 5+ Bedrooms | 49 | 52 | +6.1% |
Summary: The South Rockdale 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 increased by 400%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 29 | -32.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Rockdale, you could pay more than the asking price. 58.3% of homes here sold above asking price last month.
Summary: A total of 29 homes were sold or pending in South Rockdale in May 2024, down by 32.6% month-over-month. Of the 24 sold homes, 33% were sold under asking, 8% were sold at asking, and 58% were sold over asking.
Days on Market for South Rockdale, GA
How long does it take to sell a home in South Rockdale, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 33 Days | -28.1% |
Summary: Homes in South Rockdale had an average of 33 days on market in May 2024, down by 28.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Rockdale has remained consistent over time.
Summary: During May 2024, 29 homes were sold in South Rockdale; 45% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 7% 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.