Comprehensive market data and analysis
We're showing Georgia County statistics below to give you a broader market picture. As more transactions occur in Franklin Springs, Georgia, we'll update with specific local data.
View nearby areas with more activity:
16.9 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M | ||
|---|---|---|---|---|---|---|
| No acreage data available for Franklin Springs, Georgia | ||||||
The median price for land in the Georgia area is currently $29K per acre. For a typical parcel, the median sale price is $95K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $18K while premium lots reached $550K.
the Georgia area is currently a strong buyer's market with 16.9 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 19.6% year-over-year.
the Georgia area currently has 16.9 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
The current absorption rate in the Georgia area is 5.9% (3-month basis), indicating slow demand. With depreciating values (-19.6% YoY), buyers may find value opportunities. The top-performing broker in this market is Atlanta Communities.
Land in the Georgia area typically sells within 110 days of listing. The median time on market is 55 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, the Georgia area saw 13,597 properties sold, totaling $3631.6M in sales volume. In just the last 3 months, 2,608 properties changed hands.
Land in the Georgia area averages $1.4M per acre. The median price per acre is $29K, which may be more representative of typical transactions. Most parcels sold are around 2.1 acres.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
