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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellenwood is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Ellenwood has remained a Seller's Market.

Key Takeaway

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

How much do homes in Ellenwood, GA cost?

Median Sold Price

$296,700

$136/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$72,144(+32.1%)

Key Takeaway

Homes in Ellenwood have sold for 32.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 -$100K
N/A
2 $171.4K$178K
+3.9%
3 $183K$243K
+32.8%
4 $240.5K$318.3K
+32.4%
5+ $325K$399.7K
+23.0%

Median Sold Price Compared To Nearby Cities

Conley
+49.7%
Forest Park
+33.6%
Ellenwood
+32.1%
Rex
+31.2%
Forest Park-Morrow
+29.4%

How many homes are available in Ellenwood, GA?

Number of Homes For Sale

Jul 2022Aug 2022%
172185+7.6%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 65
-16.7%
3 5866
+13.8%
4 7068
-2.9%
5+ 3846
+21.1%

Number of Homes Sold

Jul 2022Aug 2022%
47470.0%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

21 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellenwood, you could pay more than the asking price. 47.7% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
22 Days13 Days-39.0%

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Ellenwood, GA

Ellenwood, GA has 185 homes for sale to choose from. The number of listings in Ellenwood, GA increased by 7.6% between July 2022 and August 2022. The median list price of listings available in August 2022 was $296,700, while the average time on the real estate market was 13 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 3.9%, prices of 3 bedrooms properties increased by 32.8%, prices of 4 bedrooms properties went up by 32.4%, 5 bedrooms properties prices increased by 23%. This housing market inventory have changed: volume of 1 bedroom homes stayed the same, volume of 2 bedrooms homes went down by 16.7%, number of 3 bedrooms homes increased by 13.8%, number of 4 bedrooms homes decreased by 2.9%, 5 bedrooms homes inventory increased by 21.1%. Ellenwood, GA housing market in August 2022 saw over 21 listings sold above listed price, more than 10 sold at listed price and over 13 sold below.

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