Is Locust Grove, GA 30248 a buyer’s or seller’s market?
Locust Grove is a balanced market. With about 4.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 23% of U.S. ZIP codes, and #234 of 371 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Locust Grove housing market right now
In the three months ending August 31, 2026, 11% of homes in Locust Grove, GA 30248 sold above their list price, the typical home went under contract in 66 days and there were 4.6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 171 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 15%, homes sold faster (75 days then) and the median sale price held steady to $341,652. Overall, Locust Grove is about as competitive as it was a year ago.
Within Henry County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county. On our competition score, Locust Grove ranks #234 of 371 GA ZIP codes with enough sales (score 27 out of 100).
Nearby, Stockbridge 30281 (17% sold over asking) and Mcdonough 30252 (14% sold over asking) are even more competitive.
Run the numbers for 30248
Nearby markets
Hampton 30228Balanced $142 /sq ftMcdonough 30252Balanced $156 /sq ftMcdonough 30253Balanced $144 /sq ftStockbridge 30281Balanced $150 /sq ft Browse all markets →Towns like Locust Grove nearby
Find towns like Locust Grove in other states →Where Locust Grove is
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Questions about Locust Grove real estate
Is Locust Grove a buyer’s or seller’s market?
A balanced market: there were 4.6 months of supply in Locust Grove, GA 30248 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Locust Grove?
The typical home went under contract in 66 days in the latest three months.
Do homes in Locust Grove sell over asking?
11% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in Locust Grove?
About 0.87% of a home’s value a year in Henry County, or roughly $3,480 on a $400,000 home.
What is the median home price in Locust Grove?
The median sale price was $341,652 in the three months ending August 31, 2026, about $152 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology