Is Elberton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$175,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elberton was $175,000 in April 2024, up 16.7% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $35K | $110K | +214.3% |
2 Bedrooms | $104.9K | $139K | +32.5% |
3 Bedrooms | $163K | $179.9K | +10.4% |
4 Bedrooms | $209K | $225K | +7.7% |
5+ Bedrooms | $144K | $329K | +128.5% |
Summary: Elberton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 214.3%, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 128.5%.
Housing Supply in Elberton, GA
How many homes are available in Elberton, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
51 | 54 | +5.9% |
Summary: The Elberton real estate market had 54 homes for sale in April 2024, a 5.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 11 | 9 | -18.2% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Elberton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.2%, 3 bedroom homes increased by 28%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Elberton in April 2024, up by 11.1% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 49 Days | -39.5% |
Summary: Homes in Elberton had an average of 49 days on market in Apr 2024, down by 39.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Elberton; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.