Is Ellenwood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Ellenwood, GA
How much do homes in Ellenwood, GA cost?
Median Sold Price
$299,333
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Ellenwood have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Ellenwood was $299,333 in November 2023, down 1.9% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $142.5K | $192.5K | +35.1% |
| 3 Bedrooms | $250K | $260K | +4.0% |
| 4 Bedrooms | $326.3K | $322.5K | -1.2% |
| 5+ Bedrooms | $410K | $369.9K | -9.8% |
Summary: Ellenwood housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
| Forest Park | $183.5K | $205K | +11.7% |
| Forest Park-Morrow | $229.9K | $230.8K | 0.4% |
| Ellenwood | $305K | $299.3K | -1.9% |
| Rex | $255K | $250K | -2.0% |
| Conley | $250K | $225K | -10.0% |
Housing Supply in Ellenwood, GA
How many homes are available in Ellenwood, GA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 162 | 183 | +13.0% |
Summary: The Ellenwood real estate market had 183 homes for sale in November 2023, a 13.0% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 53 | 60 | +13.2% |
| 4 Bedrooms | 73 | 81 | +11.0% |
| 5+ Bedrooms | 32 | 37 | +15.6% |
Summary: The Ellenwood housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 13.2%, 4 bedroom homes increased by 11%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellenwood, you may be able to get a good deal. 38.7% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Ellenwood in November 2023, down by 2.9% month-over-month. Of the 31 sold homes, 39% were sold under asking, 35% were sold at asking, and 26% were sold over asking.
Days on Market for Ellenwood, GA
How long does it take to sell a home in Ellenwood, GA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 32 Days | 44 Days | +36.8% |
Summary: Homes in Ellenwood had an average of 44 days on market in Nov 2023, up by 36.8% compared to last year.
Breakdown of Home Sale Times
19 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellenwood are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 33 homes were sold in Ellenwood; 58% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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.