Is Townsend, 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, Townsend was a Seller's Market.
Key Takeaway
Townsend 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 Townsend, GA
How much do homes in Townsend, GA cost?
Median Sold Price
$330,000
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Townsend have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Townsend was $330,000 in May 2024, up 2.7% 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 | - | - | N/A |
| 2 Bedrooms | $207.4K | $337.5K | +62.7% |
| 3 Bedrooms | $315K | $261.5K | -17.0% |
| 4 Bedrooms | $575K | $432.4K | -24.8% |
| 5+ Bedrooms | $692.5K | - | N/A |
Summary: Townsend 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 62.7%, 3 bedroom homes decreased by 17%, 4 bedroom homes decreased by 24.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Everett | $322.5K | $339.9K | +5.4% |
| Townsend | $321.3K | $330K | +2.7% |
| Ludowici South | $284.9K | $286.8K | +0.7% |
Housing Supply in Townsend, GA
How many homes are available in Townsend, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 36 | 0.0% |
Summary: The Townsend real estate market had 36 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Townsend 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 decreased by 50%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 6 | -40.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Townsend, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Townsend in May 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Townsend, GA
How long does it take to sell a home in Townsend, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 59 Days | +52.1% |
Summary: Homes in Townsend had an average of 59 days on market in May 2024, up by 52.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Townsend has remained consistent over time.
Summary: During May 2024, 6 homes were sold in Townsend; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.