Is Emerson, 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, Emerson has remained a Seller's Market.
Key Takeaway
Emerson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Emerson, GA
How much do homes in Emerson, GA cost?
Median Sold Price
$360,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Emerson have sold for 26.3% less than they did a year ago.
Summary: The median home sold price in Emerson was $360,000 in March 2024, down 26.3% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $400K | N/A |
| 3 Bedrooms | $300.7K | $294.9K | -1.9% |
| 4 Bedrooms | $882.8K | $298.9K | -66.1% |
| 5+ Bedrooms | $2.0M | $1.1M | -44.0% |
Summary: Emerson 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 did not change, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 66.1%, and 5+ bedroom homes decreased by 44%.
Median Sold Price Compared To Nearby Cities
| Cartersville | $324.9K | $325K | 0.0% |
| Emerson | $488.5K | $360K | -26.3% |
Housing Supply in Emerson, GA
How many homes are available in Emerson, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 11 | -21.4% |
Summary: The Emerson real estate market had 11 homes for sale in March 2024, a 21.4% decrease 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 8 | 6 | -25.0% |
Summary: The Emerson 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 remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Emerson, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Emerson in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Emerson, GA
How long does it take to sell a home in Emerson, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 3 Days | 156 Days | +5116.7% |
Summary: Homes in Emerson had an average of 156 days on market in Mar 2024, up by 5116.7% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Emerson has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Emerson; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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