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.

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.

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