Is Gilmer County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gilmer County is a neutral's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

Gilmer County 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 Gilmer County, GA cost?

Median Sold Price

$429,200

$227/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$88,091(+25.8%)

Key Takeaway

Homes in Gilmer County have sold for 25.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $82.5K$117.5K
+42.4%
2 $270K$373.8K
+38.5%
3 $343.4K$440.5K
+28.3%
4 $410K$520K
+26.8%
5+ $491.8K$600K
+22.0%

Median Sold Price Compared To Nearby Counties

Fannin County
+27.4%
Gilmer County
+25.8%
Dawson County
+23.9%
Murray County
+17.9%
Pickens County
+16.6%

How many homes are available in Gilmer County, GA?

Number of Homes For Sale

Sep 2022Oct 2022%
695688-1.0%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 2732
+18.5%
2 151151
0.0%
3 327310
-5.2%
4 133138
+3.8%
5+ 5757
0.0%

Number of Homes Sold

Sep 2022Oct 2022%
147113-23.1%

Asking Price vs. Sold Price

88 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

17 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gilmer County, you may be able to get a good deal. 79.3% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
29 Days58 Days+99.3%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Gilmer County has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gilmer County, GA

Gilmer County, GA has 688 homes on the market. The number of homes for sale in Gilmer County, GA decreased by 1% between September 2022 and October 2022. Listings spent 58 days on the market in October 2022, and had a median list price of $429,200 during the same period. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 42.4%, 2 bedrooms properties prices increased by 38.5%, prices of 3 bedrooms properties went up by 28.3%, the cost of 4 bedrooms properties went up by 26.8%, 5 bedrooms properties prices increased by 22%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 18.5%, the quantity of 2 bedrooms homes have not changed, 3 bedrooms homes inventory decreased by 5.2%, the quantity of 4 bedrooms homes went up by 3.8%, the quantity of 5 bedrooms homes have not changed. Gilmer County, GA housing market in October 2022 saw over 17 listings sold above listed price, more than 6 sold at listed price and over 88 sold below.

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