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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ellijay is a neutral's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Ellijay was a Seller's Market.

Key Takeaway

Ellijay is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

How much do homes in Ellijay, GA cost?

Median Sold Price

$334,900

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$67,400(+25.2%)

Key Takeaway

Homes in Ellijay have sold for 25.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $169.2K$259.7K
+53.5%
3 $299K$322.5K
+7.9%
4 $295K$412.5K
+39.8%
5+ $417.4K$589.9K
+41.3%

Median Sold Price Compared To Nearby Cities

North Gilmer
+33.3%
Carters Lake
+30.6%
Ellijay
+25.2%
South Gilmer
+24.8%

How many homes are available in Ellijay, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
2220-9.1%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 57
+40.0%
3 82
-75.0%
4 22
0.0%
5+ 79
+28.6%

Number of Homes Sold

Mar 2022Apr 2022%
83-62.5%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ellijay, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
16 Days17 Days+9.4%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ellijay 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 Ellijay, GA

Number of homes for sale in Ellijay, GA real estate market have reached 20. The number of listings in Ellijay, GA decreased by 9.1% between March 2022 and April 2022. While the average time on the market in April 2022 was 17 days, the median list price was $334,900. Listing prices have changed in this real estate market between March 2022 and April 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties increased by 53.5%, prices of 3 bedrooms properties increased by 7.9%, the cost of 4 bedrooms properties went up by 39.8%, prices of 5 bedrooms properties increased by 41.3%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes increased by 40%, number of 3 bedrooms homes decreased by 75%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory increased by 28.6%. Ellijay, GA housing market in April 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 2 sold below.

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