Is North Gilmer, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Gilmer was a Seller's Market.
Housing Prices in North Gilmer, GA
How much do homes in North Gilmer, GA cost?
Median Sold Price
$439,838
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Gilmer was $439,838 in March 2024, down 2.3% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $260K | +173.7% |
2 Bedrooms | $401K | $400K | -0.2% |
3 Bedrooms | $480K | $470K | -2.1% |
4 Bedrooms | $565K | $632.5K | +11.9% |
5+ Bedrooms | $645.5K | $800K | +23.9% |
Summary: North Gilmer housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 173.7%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 11.9%, and 5+ bedroom homes increased by 23.9%.
Median Sold Price Compared To Nearby Cities
Carters Lake | $400K | $410K | +2.5% |
Rich Mountain | $479K | $482.4K | +0.7% |
North Gilmer | $450K | $439.8K | -2.3% |
Ellijay | $464.5K | $435.5K | -6.2% |
Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in North Gilmer, GA
How many homes are available in North Gilmer, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
144 | 178 | +23.6% |
Summary: The North Gilmer real estate market had 178 homes for sale in March 2024, a 23.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 37 | 48 | +29.7% |
3 Bedrooms | 67 | 79 | +17.9% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The North Gilmer 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 increased by 29.7%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 10 | -16.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in North Gilmer in March 2024, down by 16.7% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for North Gilmer, GA
How long does it take to sell a home in North Gilmer, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 100 Days | +221.9% |
Summary: Homes in North Gilmer had an average of 100 days on market in Mar 2024, up by 221.9% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in North Gilmer; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.