Is South Gilmer, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Gilmer is a seller's market

Buyer's
Market

Difference Since May 2021

Since last year, South Gilmer has remained a Seller's Market.

Key Takeaway

South Gilmer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in South Gilmer, GA cost?

Median Sold Price

$447,400

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$89,900(+25.1%)

Key Takeaway

Homes in South Gilmer have sold for 25.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $227.6K$212K
-6.9%
2 $239.7K$317K
+32.2%
3 $340K$447.4K
+31.6%
4 $412.5K$535K
+29.7%
5+ $500K$649.5K
+29.9%

Median Sold Price Compared To Nearby Cities

Carters Lake
+33.7%
South Gilmer
+25.1%
Rich Mountain
+24.7%
Nelson-Tate-Marble Hill
+22.1%

How many homes are available in South Gilmer, GA?

Number of Homes For Sale

Apr 2022May 2022%
3440+17.6%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 810
+25.0%
3 1718
+5.9%
4 11
0.0%
5+ 811
+37.5%

Number of Homes Sold

Apr 2022May 2022%
97-22.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Gilmer, you could pay more than the asking price. 85.7% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
16 Days7 Days-53.5%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in South Gilmer 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 South Gilmer, GA

South Gilmer, GA has 40 homes on the market. The number of homes for sale in South Gilmer, GA increased by 17.6% between April 2022 and May 2022. The median list price of listings available in May 2022 was $447,400, while the average time on the real estate market was 7 days. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices decreased by 6.9%, prices of 2 bedrooms properties increased by 32.2%, the cost of 3 bedrooms properties went up by 31.6%, prices of 4 bedrooms properties increased by 29.7%, prices of 5 bedrooms properties increased by 29.9%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 25%, 3 bedrooms homes inventory increased by 5.9%, 4 bedrooms homes did not move, 5 bedrooms homes inventory increased by 37.5%. South Gilmer, GA housing market in May 2022 saw over 6 listings sold above listed price, more than 0 sold at listed price and over 1 sold below.

Related Housing Market Reports