It is a confusing time for home sellers. There is the head wind of rapidly rising interest rates. There also seems to be a housing shortage, as coming out to the 2008-2012 Great Recession home builders did not build enough homes and now there is a shortfall. It is difficult to categorize the entire State of Georgia into one lump of statistics, so here are some statistics for how fast and for how much homes are selling for in various metro areas in the State of Georgia. These results are all as of April 2023.
Fulton County
Average Median Sold Price $399,882
Average Price per Square Foot $229
2 Bedroom Median Sold Price $358,700
3 Bedroom Median Sold Price $400,300
4 Bedroom Median Sold Price $600,300
Number of Homes for Sale 5,456
Number of Homes Sold 1,168
Average Sale Time 28 Days
42% Sold Under Asking Price
34% Sold Over Asking Price
24% Sold At Asking Price
Gwinnett County
Average Median Sold Price $405,075
Average Price per Square Foot $175
2 Bedroom Median Sold Price $257,600
3 Bedroom Median Sold Price $346,400
4 Bedroom Median Sold Price $420,000
Number of Homes for Sale 3,079
Number of Homes Sold 803
Average Sale Time 34 Days
43% Sold Under Asking Price
34% Sold Over Asking Price
23% Sold At Asking Price
DeKalb County
Average Median Sold Price $348,746
Average Price per Square Foot $191
2 Bedroom Median Sold Price $232,400
3 Bedroom Median Sold Price $307,000
4 Bedroom Median Sold Price $426,500
Number of Homes for Sale 3,234
Number of Homes Sold 789
Average Sale Time 30 Days
41% Sold Under Asking Price
37% Sold Over Asking Price
22% Sold At Asking Price
Hall County
Average Median Sold Price $371,875
Average Price per Square Foot $184
2 Bedroom Median Sold Price $250,000
3 Bedroom Median Sold Price $322,800
4 Bedroom Median Sold Price $424,500
Number of Homes for Sale 927
Number of Homes Sold 233
Average Sale Time 37 Days
50% Sold Under Asking Price
21% Sold Over Asking Price
29% Sold At Asking Price
Columbus Georgia and Muscogee County Georgia
Average Median Sold Price $197,300
Average Price per Square Foot $114
2 Bedroom Median Sold Price $75,000
3 Bedroom Median Sold Price $145,000
4 Bedroom Median Sold Price $338,000
Number of Homes for Sale 138
Number of Homes Sold 28
Average Sale Time 41 Days
48% Sold Under Asking Price
24% Sold Over Asking Price
28% Sold At Asking Price
Savannah Georgia and Chatham County
Average Median Sold Price $320,352
Average Price per Square Foot $185
2 Bedroom Median Sold Price $217,800
3 Bedroom Median Sold Price $291,300
4 Bedroom Median Sold Price $396,500
Number of Homes for Sale 362
Number of Homes Sold 35
Average Sale Time 41 Days
39% Sold Under Asking Price
35% Sold Over Asking Price
26% Sold At Asking Price
Augusta Georgia and Richmond County Georgia
Average Median Sold Price $168,000
Average Price per Square Foot $113
2 Bedroom Median Sold Price $133,200
3 Bedroom Median Sold Price $157,000
4 Bedroom Median Sold Price $185,400
Number of Homes for Sale 39
Average Sale Time 69 Days
Macon Georgia and Bibb County Georgia
Average Median Sold Price $114,875
Average Price per Square Foot $79
2 Bedroom Median Sold Price $39.000
3 Bedroom Median Sold Price $109,800
4 Bedroom Median Sold Price $217,900
Number of Homes for Sale 605
Number of Homes Sold 121
Average Sale Time 42 Days
50% Sold Under Asking Price
29% Sold Over Asking Price
21% Sold At Asking Price
The source of all of this information is from Rocket Homes, which compounds detailed reports in various markets on a monthly basis.
