Is Ellijay, 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, Ellijay was a Seller's Market.
Housing Prices in Ellijay, GA
How much do homes in Ellijay, GA cost?
Median Sold Price
$450,041
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ellijay was $450,041 in May 2024, up 5.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $87.5K | $100K | +14.3% |
2 Bedrooms | $350K | $380K | +8.6% |
3 Bedrooms | $430K | $468K | +8.8% |
4 Bedrooms | $641.7K | $517K | -19.4% |
5+ Bedrooms | $625K | $660K | +5.6% |
Summary: Ellijay housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 19.4%, and 5+ bedroom homes increased by 5.6%.
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 Ellijay, GA
How many homes are available in Ellijay, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
568 | 702 | +23.6% |
Summary: The Ellijay real estate market had 702 homes for sale in May 2024, a 23.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 34 | 47 | +38.2% |
2 Bedrooms | 113 | 158 | +39.8% |
3 Bedrooms | 265 | 312 | +17.7% |
4 Bedrooms | 122 | 144 | +18.0% |
5+ Bedrooms | 34 | 41 | +20.6% |
Summary: The Ellijay housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 38.2%, 2 bedroom homes increased by 39.8%, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 18%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
66 | 49 | -25.8% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Ellijay in May 2024, down by 25.8% month-over-month. Of the 46 sold homes, 78% were sold under asking, 13% were sold at asking, and 9% were sold over asking.
Days on Market for Ellijay, GA
How long does it take to sell a home in Ellijay, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
70 Days | 54 Days | -22.9% |
Summary: Homes in Ellijay had an average of 54 days on market in May 2024, down by 22.9% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in Ellijay; 49% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.