Is Carters Lake, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Carters Lake was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $103.7K | $87K | -16.1% |
2 Bedrooms | $394.1K | $369.5K | -6.2% |
3 Bedrooms | $399.9K | $460K | +15.0% |
4 Bedrooms | $479.9K | $487K | +1.5% |
5+ Bedrooms | $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 | $495K | $520K | +5.1% |
North Gilmer | $440K | $455K | +3.4% |
Carters Lake | $400K | $410K | +2.5% |
Ellijay | $450K | $439.3K | -2.4% |
Housing Supply in Carters Lake, GA
How many homes are available in Carters Lake, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
265 | 301 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 29 | +26.1% |
2 Bedrooms | 65 | 63 | -3.1% |
3 Bedrooms | 126 | 151 | +19.8% |
4 Bedrooms | 43 | 48 | +11.6% |
5+ Bedrooms | 8 | 10 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
38 | 24 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
42 Days | 60 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
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.