Is Ellijay, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ellijay was a Seller's Market.
Key Takeaway
Ellijay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellijay, GA
How much do homes in Ellijay, GA cost?
Median Sold Price
$443,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ellijay has remained the same since last year.
Summary: The median home sold price in Ellijay was $443,500 in April 2024, down 0.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $78.9K | $100K | +26.7% |
| 2 Bedrooms | $318.2K | $375K | +17.8% |
| 3 Bedrooms | $439.7K | $467.6K | +6.3% |
| 4 Bedrooms | $643.5K | $529K | -17.8% |
| 5+ Bedrooms | $835K | $629K | -24.7% |
Summary: Ellijay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 26.7%, 2 bedroom homes increased by 17.8%, 3 bedroom homes increased by 6.3%, 4 bedroom homes decreased by 17.8%, and 5+ bedroom homes decreased by 24.7%.
Median Sold Price Compared To Nearby Cities
| South Gilmer | $490K | $520K | +6.1% |
| Carters Lake | $399.9K | $419.6K | +4.9% |
| Ellijay | $445K | $443.5K | -0.3% |
| North Gilmer | $450K | $441.5K | -1.9% |
| East Ellijay | $295K | $283.2K | -4.0% |
Housing Supply in Ellijay, GA
How many homes are available in Ellijay, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 553 | 671 | +21.3% |
Summary: The Ellijay real estate market had 671 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 44 | +46.7% |
| 2 Bedrooms | 110 | 137 | +24.5% |
| 3 Bedrooms | 265 | 309 | +16.6% |
| 4 Bedrooms | 112 | 141 | +25.9% |
| 5+ Bedrooms | 36 | 40 | +11.1% |
Summary: The Ellijay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 25.9%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 63 | +23.5% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellijay, you may be able to get a good deal. 88.5% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in Ellijay in April 2024, up by 23.5% month-over-month. Of the 61 sold homes, 89% were sold under asking, 5% were sold at asking, and 7% were sold over asking.
Days on Market for Ellijay, GA
How long does it take to sell a home in Ellijay, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 56 Days | +26.4% |
Summary: Homes in Ellijay had an average of 56 days on market in Apr 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellijay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 63 homes were sold in Ellijay; 46% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 24% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.