Is Nelson-Tate-Marble Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nelson-Tate-Marble Hill is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Nelson-Tate-Marble Hill was a Seller's Market.

Key Takeaway

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

Housing Prices in Nelson-Tate-Marble Hill, GA

How much do homes in Nelson-Tate-Marble Hill, GA cost?

Median Sold Price

$495,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$40,000(+8.8%)

Key Takeaway

Homes in Nelson-Tate-Marble Hill have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Nelson-Tate-Marble Hill was $495,000 in November 2024, up 8.8% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$275K
N/A
2 $257.5K$314K
+21.9%
3 $395K$430.6K
+9.0%
4 $624.9K$635K
+1.6%
5+ $822.5K$700K
-14.9%

Summary: Nelson-Tate-Marble Hill housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes decreased by 14.9%.

Median Sold Price Compared To Nearby Cities

Nelson-Tate-Marble Hill
+8.8%
Jasper
+4.9%

Housing Supply in Nelson-Tate-Marble Hill, GA

How many homes are available in Nelson-Tate-Marble Hill, GA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
190200+5.3%

Summary: The Nelson-Tate-Marble Hill real estate market had 200 homes for sale in November 2024, a 5.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 1316
+23.1%
3 8182
+1.2%
4 6571
+9.2%
5+ 2931
+6.9%

Summary: The Nelson-Tate-Marble Hill housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 6.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2330+30.4%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nelson-Tate-Marble Hill, you may be able to get a good deal. 75.9% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Nelson-Tate-Marble Hill in November 2024, up by 30.4% month-over-month. Of the 29 sold homes, 76% were sold under asking, 14% were sold at asking, and 10% were sold over asking.

Days on Market for Nelson-Tate-Marble Hill, GA

How long does it take to sell a home in Nelson-Tate-Marble Hill, GA?

Average Sale Time

Nov 2023Nov 2024CHANGE
77 Days76 Days-1.7%

Summary: Homes in Nelson-Tate-Marble Hill had an average of 76 days on market in Nov 2024, down by 1.7% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nelson-Tate-Marble Hill has remained consistent over time.

Summary: During November 2024, 30 homes were sold in Nelson-Tate-Marble Hill; 33% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 30% 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 7 Days Ago

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