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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elko is a buyer's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Elko was a Seller's Market.

Key Takeaway

Elko is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Elko, GA cost?

Median Sold Price

$255,640

$140/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

-$24,360(-8.7%)

Key Takeaway

Homes in Elko have sold for 8.7% less than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 --
N/A
2 $40K-
N/A
3 $213.4K$239K
+12.0%
4 $264.7K$278.4K
+5.2%
5+ $388K$457.8K
+18.0%

Median Sold Price Compared To Nearby Cities

Kathleen
+15.9%
Bonaire
+12.5%
Perry
+8.5%
Elko
-8.7%

How many homes are available in Elko, GA?

Number of Homes For Sale

Apr 2022May 2022%
1936+89.5%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 00
0.0%
3 311
+266.7%
4 412
+200.0%
5+ 1213
+8.3%

Number of Homes Sold

Apr 2022May 2022%
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elko, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

May 2021May 2022%
8 Days37 Days+351.2%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Elko, GA

Elko, GA has 36 homes on the market. The number of listings in Elko, GA increased by 89.5% between April 2022 and May 2022. In May 2022 median list price was $255,640 and the average listing age was 37 days. Real estate listing prices changed between April 2022 and May 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 0%, 3 bedrooms properties became 12% more expensive, prices of 4 bedrooms properties increased by 5.2%, 5 bedrooms properties became 18% more expensive. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes remained the same, 3 bedrooms homes inventory increased by 266.7%, volume of 4 bedrooms homes went up by 200%, number of 5 bedrooms homes increased by 8.3%. Elko, GA housing market in May 2022 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

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