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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellabell is a seller's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Ellabell was a Neutral Market.

Key Takeaway

Ellabell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Ellabell, GA

How much do homes in Ellabell, GA cost?

Median Sold Price

$308,950

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,375(+4.5%)

Key Takeaway

Homes in Ellabell have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Ellabell was $308,950 in September 2024, up 4.5% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $129.9K$325K
+150.2%
3 $280K$283K
+1.1%
4 $318.7K$335.9K
+5.4%
5+ $342.5K$334K
-2.5%

Summary: Ellabell housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150.2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

Nevils-Stilson
+5.0%
Ellabell
+4.5%
Pooler-Bloomingdale
+2.7%

Housing Supply in Ellabell, GA

How many homes are available in Ellabell, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5255+5.8%

Summary: The Ellabell real estate market had 55 homes for sale in September 2024, a 5.8% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 1620
+25.0%
4 3127
-12.9%
5+ 35
+66.7%

Summary: The Ellabell housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
716+128.6%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellabell, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Ellabell in September 2024, up by 128.6% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.

Days on Market for Ellabell, GA

How long does it take to sell a home in Ellabell, GA?

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ellabell are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 16 homes were sold in Ellabell; 19% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 6% 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 30 Days Ago

Newest Listings in Ellabell, GA

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