Southeast Banks Housing Market Report February 2025•Banks County, Georgia

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Housing Prices in Southeast Banks, GA

How much do homes in Southeast Banks, GA cost?

Housing Market Conditions

Is Southeast Banks, 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

Southeast Banks is a Seller's Market

Difference Since January 2025

Last month, Southeast Banks has remained a Seller's Market.

Insight

Southeast Banks is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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.
$292,074$167/SqFt
-$132,926
-31.3%

Based on all homes sold in February 2025

Insight

Homes in Southeast Banks have sold for 31.3% less than they did a month ago.

Summary: The median home sold price in Southeast Banks was $292,074 in February 2025, down 31.3% from last month, and the median price per square foot was $167.

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.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3$297K$282.7K
-4.8%
4$450K-
N/A
5$1.1M$415K
-62.3%

Summary: Southeast Banks housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -4.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -62.3%.

How does Southeast Banks, GA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Southeast Banks, GA

Housing supply in Southeast Banks, GA

How many homes are available in Southeast Banks, 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
21Last MonthFeb 2025
242 months agoJan 2025
-12.5 %
Change MoMJan – Feb

Summary: The Southeast Banks real estate market had 21 homes for sale in Feb 2025, a 12.5 % decrease compared to Jan 2025.

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
4Last MonthFeb 2025
62 months agoJan 2025
-33.3 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
389
+12.5%
543
-25.0%
4118
-27.3%

Summary: Southeast Banks housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +12.5%. The inventory for 5 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes decreased by -27.3%.

Asking Price vs. Sold Price

How much do homes in Southeast Banks, 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 Price2 Homes

At Asking Price0 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Southeast Banks, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Southeast Banks in February 2025, down by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and and 50% were sold over asking.

Days on Market for Southeast Banks, GA

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

Many homes in Southeast Banks are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 4 homes were sold in Southeast Banks; 50% 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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
32 DaysLast MonthFeb 2025
84 Days1 month agoJan 2025
-61.7 %
Change MoMJan – Feb

Summary: Homes in Southeast Banks had an average listing age of 32 days in Feb 2025, down by 61.7% compared to the previous month.

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Newest Listings in Southeast Banks, GA

What homes are available in Southeast Banks, GA?

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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: 3/13/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright© 2025 Classic 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: 3/13/2025, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.