Is West Whitfield, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Whitfield is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, West Whitfield was a Seller's Market.

Key Takeaway

West Whitfield 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 West Whitfield, GA

How much do homes in West Whitfield, GA cost?

Median Sold Price

$267,000

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$2,000(+0.8%)

Key Takeaway

Homes in West Whitfield have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in West Whitfield was $267,000 in May 2024, up 0.8% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 -$165K
N/A
2 $157K$195K
+24.2%
3 $232K$257K
+10.8%
4 $300K$425K
+41.7%
5+ $472.4K$626.5K
+32.6%

Summary: West Whitfield 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 24.2%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 41.7%, and 5+ bedroom homes increased by 32.6%.

Median Sold Price Compared To Nearby Cities

Villanow
+13.8%
Dalton
+13.0%
Rocky Face
+3.0%
West Whitfield
+0.8%
Tunnel Hill
-5.9%

Housing Supply in West Whitfield, GA

How many homes are available in West Whitfield, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3940+2.6%

Summary: The West Whitfield real estate market had 40 homes for sale in May 2024, a 2.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 1816
-11.1%
4 1113
+18.2%
5+ 810
+25.0%

Summary: The West Whitfield 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 decreased by 11.1%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Whitfield, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in West Whitfield in May 2024, down by 33.3% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for West Whitfield, GA

How long does it take to sell a home in West Whitfield, GA?

Average Sale Time

May 2023May 2024CHANGE
13 Days36 Days+176.0%

Summary: Homes in West Whitfield had an average of 36 days on market in May 2024, up by 176% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in West Whitfield has remained consistent over time.

Summary: During May 2024, 6 homes were sold in West Whitfield; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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