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 September 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

$429,999

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$30,001(+7.5%)

Key Takeaway

Homes in Carters Lake have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Carters Lake was $429,999 in September 2024, up 7.5% from last year, and the median price per square foot was $242.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $82K$132.5K
+61.6%
2 $349.9K$394K
+12.6%
3 $430K$445K
+3.5%
4 $470K$476K
+1.3%
5+ $625K$807.5K
+29.2%

Summary: Carters Lake housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.6%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 29.2%.

Median Sold Price Compared To Nearby Cities

South Gilmer
+8.9%
Ellijay
+8.3%
Carters Lake
+7.5%
North Gilmer
+5.1%

Housing Supply in Carters Lake, GA

How many homes are available in Carters Lake, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
378412+9.0%

Summary: The Carters Lake real estate market had 412 homes for sale in September 2024, a 9.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 4554
+20.0%
2 98111
+13.3%
3 166169
+1.8%
4 5757
0.0%
5+ 1221
+75.0%

Summary: The Carters Lake housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2522-12.0%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was 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. 68.2% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Carters Lake in September 2024, down by 12.0% month-over-month. Of the 22 sold homes, 68% were sold under asking, 27% were sold at asking, and 5% 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

Sep 2023Sep 2024CHANGE
45 Days60 Days+31.4%

Summary: Homes in Carters Lake had an average of 60 days on market in Sep 2024, up by 31.4% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

10 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 September 2024, 22 homes were sold in Carters Lake; 32% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 23% 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 30 Days Ago

Newest Listings in Carters Lake, GA

Nearby Markets to Carters Lake, GA

What housing markets are near Carters Lake, GA?