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 September 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

$487,000

$202/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$60,500(+14.2%)

Key Takeaway

Homes in Nelson-Tate-Marble Hill have sold for 14.2% more than they did a year ago.

Summary: The median home sold price in Nelson-Tate-Marble Hill was $487,000 in September 2024, up 14.2% from last year, and the median price per square foot was $202.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $257K$312.5K
+21.6%
3 $365K$440K
+20.5%
4 $624.9K$636.5K
+1.9%
5+ $985K$645K
-34.5%

Summary: Nelson-Tate-Marble Hill housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 21.6%, 3 bedroom homes increased by 20.5%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 34.5%.

Median Sold Price Compared To Nearby Cities

Nelson-Tate-Marble Hill
+14.2%
Jasper
+8.3%
Nelson
+4.2%

Housing Supply in Nelson-Tate-Marble Hill, GA

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

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
202210+4.0%

Summary: The Nelson-Tate-Marble Hill real estate market had 210 homes for sale in September 2024, a 4.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 712
+71.4%
3 9592
-3.2%
4 7075
+7.1%
5+ 3031
+3.3%

Summary: The Nelson-Tate-Marble Hill housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 71.4%, 3 bedroom homes decreased by 3.2%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2233+50.0%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

4 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. 65.5% of homes here sold below asking price last month.

Summary: A total of 33 homes were sold or pending in Nelson-Tate-Marble Hill in September 2024, up by 50.0% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% 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

Sep 2023Sep 2024CHANGE
25 Days73 Days+186.6%

Summary: Homes in Nelson-Tate-Marble Hill had an average of 73 days on market in Sep 2024, up by 186.6% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Nelson-Tate-Marble Hill are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 33 homes were sold in Nelson-Tate-Marble Hill; 48% of homes were sold within 30 days, 21% 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 30 Days Ago

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