Is Carters Lake, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Carters Lake was a Seller's Market.
Key Takeaway
Carters Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carters Lake, GA
How much do homes in Carters Lake, GA cost?
Median Sold Price
$420,120
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carters Lake have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Carters Lake was $420,120 in May 2024, up 5.2% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $80K | $90K | +12.5% |
| 2 Bedrooms | $364.9K | $375K | +2.7% |
| 3 Bedrooms | $400K | $460K | +15.0% |
| 4 Bedrooms | $474.9K | $481K | +1.3% |
| 5+ Bedrooms | $595K | $629K | +5.7% |
Summary: Carters Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Cities
| South Gilmer | $472.5K | $541K | +14.5% |
| Ellijay | $424.8K | $450K | +5.9% |
| Carters Lake | $399.3K | $420.1K | +5.2% |
| North Gilmer | $446.7K | $460K | +3.0% |
Housing Supply in Carters Lake, GA
How many homes are available in Carters Lake, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 267 | 349 | +30.7% |
Summary: The Carters Lake real estate market had 349 homes for sale in May 2024, a 30.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 34 | +21.4% |
| 2 Bedrooms | 47 | 80 | +70.2% |
| 3 Bedrooms | 131 | 160 | +22.1% |
| 4 Bedrooms | 51 | 63 | +23.5% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Carters Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.4%, 2 bedroom homes increased by 70.2%, 3 bedroom homes increased by 22.1%, 4 bedroom homes increased by 23.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 19 | -17.4% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carters Lake, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Carters Lake in May 2024, down by 17.4% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Carters Lake, GA
How long does it take to sell a home in Carters Lake, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 60 Days | +62.3% |
Summary: Homes in Carters Lake had an average of 60 days on market in May 2024, up by 62.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Carters Lake are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 19 homes were sold in Carters Lake; 47% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.