Griffin, Spalding County Real Estate Market Snapshot, 1st Qtr. 2022
Griffin is a smaller mid sized city in Central Georgia about 38 miles South of Atlanta and is the county seat for Spalding County. City population is 23,478 and County population is 67,306 according to the 2020 US Census estimate. The area is located within the Flint River drainage basin and was started in the mid 1800's. There are almost two dozen golf courses in the area making it an extremely desirable area to be if you are a golfer. It has a gorgeous downtown district and a thriving arts culture. Griffin is about 31 miles from the Atlanta airport and less than an hours drive from Macon to the South East, and Newnan along with Peachtree city to the West and North West.
Prices for Single Family homes in Spalding County for the first quarter of 2022 are up on average 22% and a full 34% medium over the same quarter of 2021. Average Price for the quarter is $214,326 and $190,000 medium. Days on market is 13 mean days and 35 average.
As of the writing of this, there are 116 single family homes for sale in Spalding County at about $290,000 average and $310,000 list price. This represents a great value for home buyers looking to be in this region. These prices are nearly a third less than thomes in other areas such as in Coweta or Fayette counties. The Medium price increases over the same quarter of last year in Spalding County may be a result of additional demand spilling over from other areas that have seen higher prices? Another aspect worth noting about the market here is that days on market are essentially not changed over the quarter this year compared with the last. There seems to be quite a bit of of outliers extending out the average days on market verses medium and this suggests some room to negotiate with perhaps some of the overpriced inventory relative to quality, but even within the more move in ready, priced right, market segment there is a little room perhaps to breath some. Obviously market inventory rates continue to be extraordinarily low amidst strong demand, and so a buyer must be prepared in advance with a good strategy in place. Sellers need to be priced right and on market with a show ready product and a class act agent in order to take advantage of highest probability of market performance.
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