Is Elberton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Elberton has remained a Seller's Market.
Housing Prices in Elberton, GA
How much do homes in Elberton, GA cost?
Median Sold Price
$182,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elberton was $182,500 in May 2024, up 10.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $110K | +29.4% |
2 Bedrooms | $114.9K | $140K | +21.8% |
3 Bedrooms | $165K | $185K | +12.1% |
4 Bedrooms | $208K | $292.5K | +40.6% |
5+ Bedrooms | $180K | $314.5K | +74.7% |
Summary: Elberton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 74.7%.
Housing Supply in Elberton, GA
How many homes are available in Elberton, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 56 | 0.0% |
Summary: The Elberton real estate market had 56 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 10 | 0.0% |
3 Bedrooms | 30 | 35 | +16.7% |
4 Bedrooms | 11 | 8 | -27.3% |
5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Elberton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Elberton in May 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Elberton, GA
How long does it take to sell a home in Elberton, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 23 Days | -57.6% |
Summary: Homes in Elberton had an average of 23 days on market in May 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 10 homes were sold in Elberton; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.