McDonough Housing Market Report December 2024•Henry County, Georgia

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Housing Prices in McDonough, GA

How much do homes in McDonough, GA cost?

Housing Market Conditions

Is McDonough, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

McDonough is a Buyer's Market

Difference Since December 2023

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

Insight

McDonough is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$359,908$154/SqFt
-$77
0.0%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in McDonough has remained the same since last year.

Summary: The median home sold price in McDonough was $359,908 in December 2024, the same as last year, and the median price per square foot was $154.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$280K$133K
-52.5%
2$251K$233K
-7.2%
3$299K$299.8K
0.3%
4$374K$379.9K
+1.6%
5$469.1K$494.7K
+5.5%

Summary: McDonough housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -52.5%. The home price for 2 bedroom homes decreased by -7.2%. The home price for 3 bedroom homes increased by 0.3%. The home price for 4 bedroom homes increased by +1.6%. The home price for 5 bedroom homes increased by +5.5%.

Housing supply in McDonough, GA

How many homes are available in McDonough, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
896Last MonthDec 2024
8632 months agoNov 2024
+3.8 %
Change MoMNov – Dec

Summary: The McDonough real estate market had 896 homes for sale in Dec 2024, a 3.8 % increase compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
126Last MonthDec 2024
1402 months agoNov 2024
-10.0 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
22832
+14.3%
3299314
+5.0%
4309316
+2.3%
5227234
+3.1%

Summary: McDonough housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +14.3%. The inventory for 3 bedroom homes increased by +5.0%. The inventory for 4 bedroom homes increased by +2.3%. The inventory for 5 bedroom homes increased by +3.1%.

Asking Price vs. Sold Price

How much do homes in McDonough, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price27 Homes

At Asking Price31 Homes

Under Asking Price51 Homes

Insight

If you're buying a home in McDonough, you may be able to get a good deal. 46.8% of homes here sold below asking price last month.

Summary: A total of 126 homes were sold or pending in McDonough in December 2024, down by 10.0% month-over-month. Of the 109 sold homes, 47% were sold under asking, 28% were sold at asking, and and 25% were sold over asking.

Days on Market for McDonough, GA

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

Breakdown of Home Sale Times

Under 30 Days49 Homes

30 – 90 Days52 Homes

Over 90 Days25 Homes

Insight

Avg time on Rocket Homes in McDonough has remained consistent over time.

Summary: During December 2024, 126 homes were sold in McDonough; 39% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
54 DaysThis YearDec 2024
35 Days1 year agoDec 2023
+54.3 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in McDonough had an average listing age of 54 days in Dec 2024, up by 54.3% compared to the previous year.

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Newest Listings in McDonough, GA

What homes are available in McDonough, GA?

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Nearby markets aren't available for McDonough, GA

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Based on information from Georgia MLS, First Multiple Listing Service Inc., Central Georgia MLS, and Greater Augusta MLS for the period 01/01/2023 - 01/01/2025

IDX Based on information from the Georgia MLS © 2025.

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Last updated on: 1/17/2025, 10:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
© 2025 Central Georgia MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright Greater Augusta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 10:16:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.