Is North Gilmer, 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, North Gilmer was a Seller's Market.
Housing Prices in North Gilmer, GA
How much do homes in North Gilmer, GA cost?
Median Sold Price
$460,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Gilmer was $460,000 in May 2024, up 3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $253K | +153.0% |
2 Bedrooms | $400K | $415K | +3.8% |
3 Bedrooms | $462.5K | $504.5K | +9.1% |
4 Bedrooms | $639.7K | $592K | -7.5% |
5+ Bedrooms | $1.1M | $795K | -28.2% |
Summary: North Gilmer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
Ellijay | $424.8K | $450K | +5.9% |
Carters Lake | $399.3K | $420.1K | +5.2% |
North Gilmer | $446.7K | $460K | +3.0% |
Rich Mountain | $469K | $477.4K | +1.8% |
Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in North Gilmer, GA
How many homes are available in North Gilmer, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
167 | 194 | +16.2% |
Summary: The North Gilmer real estate market had 194 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 8 | +100.0% |
2 Bedrooms | 36 | 54 | +50.0% |
3 Bedrooms | 80 | 89 | +11.3% |
4 Bedrooms | 38 | 35 | -7.9% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The North Gilmer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 11 | -38.9% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in North Gilmer in May 2024, down by 38.9% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Gilmer, GA
How long does it take to sell a home in North Gilmer, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
59 Days | 18 Days | -69.5% |
Summary: Homes in North Gilmer had an average of 18 days on market in May 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 11 homes were sold in North Gilmer; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.