Single-Family Homes
Thu Jun 08 2023
This week the median list price for Woodstock, GA is $600,000 with the market action index hovering around 68. This is less than last month's market action index of 72. Inventory has decreased to 118.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $600,000 | |
Median Price of New Listings | $467,500 | |
Per Square Foot | $244 | |
Average Days on Market | 54 | |
Median Days on Market | 28 | |
Price Decreased | 25% | |
Price Increased | 6% | |
Relisted | 23% | |
Inventory | 118 | |
Median Rent | ||
Market Action | 68 | |
Strong Seller's Market |
While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,094,900 | 3,487 | 0.5 - 1 acre | 4 | 4 | 1 | 1 | 6 | 42 |
$695,900 | 2,966 | 0.25 - 0.5 acre | 4 | 3.5 | 16 | 7 | 4 | 28 |
$556,999 | 2,273 | 6,500 - 8,000 sqft | 3 | 3 | 3 | 5 | 9 | 31 |
$390,000 | 1,621 | 0.25 - 0.5 acre | 3 | 2 | 33 | 13 | 15 | 7 |