Is Elko, 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, Elko was a Neutral Market.
Housing Prices in Elko, GA
How much do homes in Elko, GA cost?
Median Sold Price
$367,250
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elko was $367,250 in May 2024, down 3.3% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $25K | - | N/A |
3 Bedrooms | $272.8K | $320.9K | +17.6% |
4 Bedrooms | $377.3K | $357.4K | -5.3% |
5+ Bedrooms | $410.8K | $401.3K | -2.3% |
Summary: Elko housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 17.6%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes decreased by 2.3%.
Housing Supply in Elko, GA
How many homes are available in Elko, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 34 | +6.3% |
Summary: The Elko real estate market had 34 homes for sale in May 2024, a 6.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 11 | 11 | 0.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Elko 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 remained the same, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Elko in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Elko, GA
How long does it take to sell a home in Elko, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
60 Days | 47 Days | -22.3% |
Summary: Homes in Elko had an average of 47 days on market in May 2024, down by 22.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Elko; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.