Griffin, GA 30223 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator, median sold price, is 180,000, which represents the most reliable signal of realized market value and suggests recent transactions are concluding well below asking levels in some cases; this gap between median listing price and median sold price may indicate pricing friction or seller expectation mismatch. neutral
2. Local liquidity appears sluggish with a median days on market of 308, which suggests slower sales velocity and extended marketing times that may require price adjustments or stronger buyer incentives. down
3. Listing context shows a higher median listing price of 274,950 versus the median sold price of 180,000, indicating a meaningful spread where some sellers may need to lower expectations to match closed-sale levels; price year-over-year trend is up, so there is upward pressure on prices despite slower turnover. up
4. External factors are a headwind: interest rate pressure is elevated (current 30-year fixed rates ~6.53%–6.75%), which is likely constraining affordability and may prolong time to sale or suppress offers, while rent year-over-year trend is flat, suggesting limited offset from rental demand. elevated interest rate pressure

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.