Is Elder, 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, Elder has remained a Seller's Market.
Key Takeaway
Elder is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elder, GA
How much do homes in Elder, GA cost?
Median Sold Price
$439,500
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Elder have sold for 40.4% less than they did a year ago.
Summary: The median home sold price in Elder was $439,500 in April 2024, down 40.4% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $320K | $250K | -21.9% |
| 3 Bedrooms | $455K | $420K | -7.7% |
| 4 Bedrooms | $902.5K | $665K | -26.3% |
| 5+ Bedrooms | $780K | $712.5K | -8.7% |
Summary: Elder housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 21.9%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 26.3%, and 5+ bedroom homes decreased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Athens | $320K | $341.5K | +6.7% |
| Elder | $737.5K | $439.5K | -40.4% |
Housing Supply in Elder, GA
How many homes are available in Elder, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 18 | +12.5% |
Summary: The Elder real estate market had 18 homes for sale in April 2024, a 12.5% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Elder 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 remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elder, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Elder in April 2024, up by 150.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% were sold over asking.
Days on Market for Elder, GA
How long does it take to sell a home in Elder, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 9 Days | 49 Days | +429.7% |
Summary: Homes in Elder had an average of 49 days on market in Apr 2024, up by 429.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elder are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 5 homes were sold in Elder; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.