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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nelson is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Nelson was a Neutral Market.

Key Takeaway

Nelson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Nelson, GA cost?

Median Sold Price

$420,000

$175/sqft

Based on all homes sold in August 2023.

Difference Since Last Month

+$60,000(+16.7%)

Key Takeaway

Homes in Nelson have sold for 16.7% more than they did a month ago.

Summary: The median home sold price in Nelson was $420,000 in August 2023, up 16.7% from last month, and the median price per square foot was $175.

Median Sold Price By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 --
N/A
2 --
N/A
3 $360K$420K
+16.7%
4 --
N/A
5+ --
N/A

Summary: Nelson housing prices by bedroom type for August 2023 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 16.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply

How many homes are available in Nelson, GA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
68+33.3%

Summary: The Nelson real estate market had 8 homes for sale in August 2023, a 33.3% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 01
+100.0%
3 56
+20.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Nelson housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nelson, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 2 homes were sold or pending in Nelson in August 2023, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market

How long does it take to sell a home in Nelson, GA?

Average Sale Time

Jul 2023Aug 2023CHANGE
9 Days101 Days+1022.2%

Summary: Homes in Nelson had an average of 101 days on market in Aug 2023, up by 1022.2% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nelson are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During August 2023, 2 homes were sold in Nelson; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

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

Report Updated 25 Days Ago

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Nearby Markets

What housing markets are near Nelson, GA?