Is Elder, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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
$920,450
$218/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Elder have sold for 2.3% more than they did a month ago.
Summary: The median home sold price in Elder was $920,450 in June 2024, up 2.3% from last month, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $215K | $475K | +120.9% |
| 4 Bedrooms | - | $565.9K | N/A |
| 5+ Bedrooms | $925K | $1.4M | +60.8% |
Summary: Elder housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 120.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 60.8%.
Housing Supply in Elder, GA
How many homes are available in Elder, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Elder real estate market had 27 homes for sale in June 2024, a 8.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 8 | +33.3% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Elder housing inventory by bedroom type for June 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 33.3%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elder, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Elder in June 2024, up by 60.0% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 73 Days | 103 Days | +40.8% |
Summary: Homes in Elder had an average of 103 days on market in Jun 2024, up by 40.8% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Elder are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During June 2024, 8 homes were sold in Elder; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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.