Is Ellenwood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ellenwood has remained a Seller's Market.
Housing Prices in Ellenwood, GA
How much do homes in Ellenwood, GA cost?
Median Sold Price
$300,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ellenwood was $300,000 in March 2024, down 1.6% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $141.7K | $210K | +48.1% |
3 Bedrooms | $263.9K | $255K | -3.4% |
4 Bedrooms | $330K | $320K | -3.0% |
5+ Bedrooms | $402.5K | $354.8K | -11.9% |
Summary: Ellenwood housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.1%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 11.9%.
Median Sold Price Compared To Nearby Cities
Forest Park | $190K | $200K | +5.3% |
Forest Park-Morrow | $231.3K | $232.2K | 0.4% |
Ellenwood | $305K | $300K | -1.6% |
Rex | $262K | $255K | -2.7% |
Conley | $259.9K | $221K | -15.0% |
Housing Supply in Ellenwood, GA
How many homes are available in Ellenwood, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
171 | 189 | +10.5% |
Summary: The Ellenwood real estate market had 189 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 61 | 69 | +13.1% |
4 Bedrooms | 70 | 80 | +14.3% |
5+ Bedrooms | 35 | 33 | -5.7% |
Summary: The Ellenwood housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 13.1%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 5.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
36 | 42 | +16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Ellenwood in March 2024, up by 16.7% month-over-month. Of the 40 sold homes, 38% were sold under asking, 35% were sold at asking, and 28% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
22 Days | 35 Days | +58.6% |
Summary: Homes in Ellenwood had an average of 35 days on market in Mar 2024, up by 58.6% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 42 homes were sold in Ellenwood; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.