Is Carters Lake, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Carters Lake was a Seller's Market.
Housing Prices in Carters Lake, GA
How much do homes in Carters Lake, GA cost?
Median Sold Price
$419,666
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Carters Lake was $419,666 in April 2024, up 4.9% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $90K | $87K | -3.3% |
2 Bedrooms | $373K | $372K | -0.3% |
3 Bedrooms | $405K | $460K | +13.6% |
4 Bedrooms | $474.9K | $487K | +2.5% |
5+ Bedrooms | $565K | $629K | +11.3% |
Summary: Carters Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.3%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 11.3%.
Median Sold Price Compared To Nearby Cities
South Gilmer | $490K | $520K | +6.1% |
Carters Lake | $399.9K | $419.6K | +4.9% |
Ellijay | $445K | $443.5K | -0.3% |
North Gilmer | $450K | $441.5K | -1.9% |
Housing Supply in Carters Lake, GA
How many homes are available in Carters Lake, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
258 | 311 | +20.5% |
Summary: The Carters Lake real estate market had 311 homes for sale in April 2024, a 20.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 27 | 37 | +37.0% |
2 Bedrooms | 50 | 60 | +20.0% |
3 Bedrooms | 124 | 144 | +16.1% |
4 Bedrooms | 49 | 59 | +20.4% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Carters Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.1%, 4 bedroom homes increased by 20.4%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 21 | -8.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Carters Lake in April 2024, down by 8.7% month-over-month. Of the 20 sold homes, 80% were sold under asking, 15% were sold at asking, and 5% were sold over asking.
Days on Market for Carters Lake, GA
How long does it take to sell a home in Carters Lake, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 40 Days | -13.1% |
Summary: Homes in Carters Lake had an average of 40 days on market in Apr 2024, down by 13.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Carters Lake; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.