Is Elder, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elder is a seller's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Elder was a Neutral 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

$466,500

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$132,225(-22.1%)

Key Takeaway

Homes in Elder have sold for 22.1% less than they did a year ago.

Summary: The median home sold price in Elder was $466,500 in May 2024, down 22.1% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $320K$250K
-21.9%
3 $455K$400K
-12.1%
4 $770K$665K
-13.6%
5+ $780K$935K
+19.9%

Summary: Elder housing prices by bedroom type for May 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 12.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 19.9%.

Median Sold Price Compared To Nearby Cities

Athens
+8.8%
Elder
-22.1%

Housing Supply in Elder, GA

How many homes are available in Elder, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
2122+4.8%

Summary: The Elder real estate market had 22 homes for sale in May 2024, a 4.8% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 76
-14.3%
4 79
+28.6%
5+ 76
-14.3%

Summary: The Elder housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
550.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elder, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Elder in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

May 2023May 2024CHANGE
7 Days73 Days+954.3%

Summary: Homes in Elder had an average of 73 days on market in May 2024, up by 954.3% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Elder has remained consistent over time.

Summary: During May 2024, 5 homes were sold in Elder; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% 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 17 Days Ago

Newest Listings in Elder, GA

Nearby Markets to Elder, GA

What housing markets are near Elder, GA?