Is Rich Mountain, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Rich Mountain is a neutral's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Rich Mountain was a Seller's Market.

Key Takeaway

Rich Mountain 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 Rich Mountain, GA cost?

Median Sold Price

$410,000

$225/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$80,000(+24.2%)

Key Takeaway

Homes in Rich Mountain have sold for 24.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $165K$255K
+54.5%
2 $239K$350K
+46.4%
3 $345.3K$419K
+21.3%
4 $445.8K$523.7K
+17.5%
5+ $785K$1.6M
+109.6%

Median Sold Price Compared To Nearby Cities

North Gilmer
+33.3%
Cherry Log
+33.1%
Ellijay
+25.2%
South Gilmer
+24.8%
Rich Mountain
+24.2%

How many homes are available in Rich Mountain, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
6377+22.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 34
+33.3%
2 1928
+47.4%
3 2831
+10.7%
4 1011
+10.0%
5+ 33
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Rich Mountain, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Average Sale Time

Apr 2021Apr 2022%
24 Days23 Days-5.1%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Rich Mountain are selling fast, if you're buying plan to act quickly.

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

13111 Big Creek Rd, Cherry Log, GA 30522

13111 Big Creek Rd, Cherry Log, GA 30522

$699,000
 
4 Bedrooms
~$3,150/mo.*2 Full Baths
#316544Listing Office:
Coldwell Banker High Country Realty - Blue RidgeMLS logo
13111 Big Creek Rd, Cherry Log, GA 30522

13111 Big Creek Rd, Cherry Log, GA 30522

$699,000
2,176 SqFt
4 Bedrooms
~$3,150/mo.*2 Full Baths, 1 Partial
#10050593Listing Office:
Coldwell Banker High CountryMLS logo
LT10 Meadow Loop Rd, Ellijay, GA 30536

LT10 Meadow Loop Rd, Ellijay, GA 30536

$29,900
2.66 Acres 
~$150/mo.*
#316534Listing Office:
REMAX Town & Country - Fitts TeamMLS logo
1165 Big Creek Rd, Ellijay, GA 30540

1165 Big Creek Rd, Ellijay, GA 30540

$578,000
2,062 SqFt
2 Bedrooms
~$2,600/mo.*2 Full Baths
#7051983Listing Office:
Harry Norman RealtorsMLS logo
325 Prospectors Pass, Ellijay, GA 30536

325 Prospectors Pass, Ellijay, GA 30536

$985,000
3,537 SqFt
4 Bedrooms
~$4,400/mo.*3 Full Baths
#316463Listing Office:
REMAX Town & Country - EllijayMLS logo
476 Butler Creek Rd, Cherry Log, GA 30522

476 Butler Creek Rd, Cherry Log, GA 30522

$399,000
 
1 Bedroom
~$1,800/mo.*1 Full Bath
#316439Listing Office:
Mountain Place RealtyMLS logo
Q21 Goldmine Dr, Ellijay, GA 30536

Q21 Goldmine Dr, Ellijay, GA 30536

$14,000
0.56 Acres 
~$50/mo.*
#316412Listing Office:
BHHS Georgia Properties - EllijayMLS logo
1822 Hidden Lake Dr Unit 3, Cherry Log, GA 30522

1822 Hidden Lake Dr Unit 3, Cherry Log, GA 30522

$549,000
1,344 SqFt
3 Bedrooms
~$2,450/mo.*2 Full Baths
#10048067Listing Office:
Harry Norman, REALTORSMLS logo
Hardslate Rd, Ellijay, GA 30536

Hardslate Rd, Ellijay, GA 30536

$89,500
5.74 Acres 
~$400/mo.*
#316347Listing Office:
REMAX Town & Country - EllijayMLS logo
24 Mountain Falls Loop, Ellijay, GA 30536

24 Mountain Falls Loop, Ellijay, GA 30536

$44,900
3.20 Acres 
~$200/mo.*
#7047665Listing Office:
Virtual Properties Realty. BizMLS logo
1165 Big Creek Rd, Ellijay, GA 30540

1165 Big Creek Rd, Ellijay, GA 30540

$578,000
1,316 SqFt
2 Bedrooms
~$2,600/mo.*2 Full Baths
#20041300Listing Office:
Harry Norman, REALTORSMLS logo
1165 Big Creek Rd, Ellijay, GA 30540

1165 Big Creek Rd, Ellijay, GA 30540

$578,000
2,062 SqFt
2 Bedrooms
~$2,600/mo.*2 Full Baths
#316324Listing Office:
Harry Norman REALTORS - Blue RidgeMLS logo

About Rich Mountain, GA

Rich Mountain, GA has 77 homes for sale to choose from. The inventory of homes for sale in Rich Mountain, GA between March 2022 and April 2022 increased by 22.2%. Listings spent 23 days on the market in April 2022, and had a median list price of $410,000 during the same period. Listing prices have changed in this real estate market between March 2022 and April 2022: prices of 1 bedroom properties went up by 54.5%, 2 bedrooms properties prices increased by 46.4%, the cost of 3 bedrooms properties went up by 21.3%, 4 bedrooms properties became 17.5% more expensive, 5 bedrooms properties prices increased by 109.6%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes went up by 33.3%, number of 2 bedrooms homes increased by 47.4%, volume of 3 bedrooms homes went up by 10.7%, 4 bedrooms homes inventory increased by 10%, 5 bedrooms homes did not move. In April 2022 more than 5 listings in Rich Mountain, GA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below.

MLS Disclaimers and Copyright

Based on information from Northeast Georgia MLS, Georgia MLS, and First Multiple Listing Service Inc. for the period 05/01/2020 - 05/01/2022

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Northeast Georgia Board of REALTORS ® Multiple Listing Service. © Copyright 2022. All rights reserved. This information is being provided for the consumers' personal, use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily; however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:25:12 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Based on information from the Georgia MLS © 2022.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2022 First Multiple Listing Service, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/22/2022, 10:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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