Is Thomaston, 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, Thomaston was a Seller's Market.
Key Takeaway
Thomaston 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 Thomaston, GA
How much do homes in Thomaston, GA cost?
Median Sold Price
$199,900
$127/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thomaston have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Thomaston was $199,900 in May 2024, up 8.1% from last year, and the median price per square foot was $127.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $60K | $88.5K | +47.5% |
| 2 Bedrooms | $135K | $143K | +5.9% |
| 3 Bedrooms | $192.2K | $213K | +10.8% |
| 4 Bedrooms | $275K | $271K | -1.5% |
| 5+ Bedrooms | $330K | $290K | -12.1% |
Summary: Thomaston housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.5%, 2 bedroom homes increased by 5.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes decreased by 12.1%.
Housing Supply in Thomaston, GA
How many homes are available in Thomaston, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 110 | 116 | +5.5% |
Summary: The Thomaston real estate market had 116 homes for sale in May 2024, a 5.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 31 | 27 | -12.9% |
| 3 Bedrooms | 40 | 51 | +27.5% |
| 4 Bedrooms | 24 | 20 | -16.7% |
| 5+ Bedrooms | 10 | 14 | +40.0% |
Summary: The Thomaston housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes increased by 27.5%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Thomaston, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Thomaston in May 2024, down by 9.1% month-over-month. Of the 16 sold homes, 88% were sold under asking, 6% were sold at asking, and 6% were sold over asking.
Days on Market for Thomaston, GA
How long does it take to sell a home in Thomaston, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 74 Days | 27 Days | -63.0% |
Summary: Homes in Thomaston had an average of 27 days on market in May 2024, down by 63% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Thomaston are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Thomaston; 70% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 5% 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.