Is Carters Lake, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carters Lake is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Carters Lake was a Seller's Market.

Key Takeaway

Carters Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Carters Lake, GA

How much do homes in Carters Lake, GA cost?

Median Sold Price

$410,000

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$10,000(+2.5%)

Key Takeaway

Homes in Carters Lake have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Carters Lake was $410,000 in February 2024, up 2.5% from last year, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $103.7K$87K
-16.1%
2 $394.1K$369.5K
-6.2%
3 $399.9K$460K
+15.0%
4 $479.9K$487K
+1.5%
5+ $565K$627K
+11.0%

Summary: Carters Lake housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 6.2%, 3 bedroom homes increased by 15%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 11%.

Median Sold Price Compared To Nearby Cities

South Gilmer
+5.1%
North Gilmer
+3.4%
Carters Lake
+2.5%
Ellijay
-2.4%

Housing Supply in Carters Lake, GA

How many homes are available in Carters Lake, GA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
265301+13.6%

Summary: The Carters Lake real estate market had 301 homes for sale in February 2024, a 13.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2329
+26.1%
2 6563
-3.1%
3 126151
+19.8%
4 4348
+11.6%
5+ 810
+25.0%

Summary: The Carters Lake housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 26.1%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
3824-36.8%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carters Lake, you may be able to get a good deal. 65.2% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Carters Lake in February 2024, down by 36.8% month-over-month. Of the 23 sold homes, 65% were sold under asking, 4% were sold at asking, and 30% were sold over asking.

Days on Market for Carters Lake, GA

How long does it take to sell a home in Carters Lake, GA?

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days60 Days+43.8%

Summary: Homes in Carters Lake had an average of 60 days on market in Feb 2024, up by 43.8% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carters Lake has remained consistent over time.

Summary: During February 2024, 24 homes were sold in Carters Lake; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Carters Lake, GA

Nearby Markets to Carters Lake, GA

What housing markets are near Carters Lake, GA?