Is Nelson-Tate-Marble Hill, 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, Nelson-Tate-Marble Hill was a Seller's Market.
Key Takeaway
Nelson-Tate-Marble Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nelson-Tate-Marble Hill, GA
How much do homes in Nelson-Tate-Marble Hill, GA cost?
Median Sold Price
$468,333
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nelson-Tate-Marble Hill have sold for 14.9% more than they did a year ago.
Summary: The median home sold price in Nelson-Tate-Marble Hill was $468,333 in May 2024, up 14.9% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $262.5K | $279.5K | +6.5% |
| 3 Bedrooms | $360K | $412.4K | +14.6% |
| 4 Bedrooms | $615K | $630K | +2.4% |
| 5+ Bedrooms | $895K | $614K | -31.4% |
Summary: Nelson-Tate-Marble Hill 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 increased by 6.5%, 3 bedroom homes increased by 14.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 31.4%.
Median Sold Price Compared To Nearby Cities
| Nelson-Tate-Marble Hill | $407.7K | $468.3K | +14.9% |
| Jasper | $380K | $430.5K | +13.3% |
Housing Supply in Nelson-Tate-Marble Hill, GA
How many homes are available in Nelson-Tate-Marble Hill, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 180 | 196 | +8.9% |
Summary: The Nelson-Tate-Marble Hill real estate market had 196 homes for sale in May 2024, a 8.9% 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 | 7 | 6 | -14.3% |
| 3 Bedrooms | 84 | 95 | +13.1% |
| 4 Bedrooms | 66 | 69 | +4.5% |
| 5+ Bedrooms | 23 | 26 | +13.0% |
Summary: The Nelson-Tate-Marble Hill 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 decreased by 14.3%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 13%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 20 | -35.5% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nelson-Tate-Marble Hill, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Nelson-Tate-Marble Hill in May 2024, down by 35.5% month-over-month. Of the 20 sold homes, 60% were sold under asking, 25% were sold at asking, and 15% were sold over asking.
Days on Market for Nelson-Tate-Marble Hill, GA
How long does it take to sell a home in Nelson-Tate-Marble Hill, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 34 Days | -20.9% |
Summary: Homes in Nelson-Tate-Marble Hill had an average of 34 days on market in May 2024, down by 20.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nelson-Tate-Marble Hill are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Nelson-Tate-Marble Hill; 70% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 15% 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.