Is Elbert County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Elbert County has remained a Seller's Market.
Housing Prices in Elbert County, GA
How much do homes in Elbert County, GA cost?
Median Sold Price
$175,000
$105/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elbert County was $175,000 in March 2024, up 3.6% from last year, and the median price per square foot was $105.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $110K | +29.4% |
2 Bedrooms | $125K | $135K | +8.0% |
3 Bedrooms | $170K | $187K | +10.0% |
4 Bedrooms | $210K | $217.7K | +3.7% |
5+ Bedrooms | $180K | $329K | +82.8% |
Summary: Elbert County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 10%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 82.8%.
Median Sold Price Compared To Nearby Counties
Oglethorpe County | $279.6K | $296.2K | +5.9% |
Elbert County | $169K | $175K | +3.6% |
Madison County | $289.9K | $298.9K | +3.1% |
Hart County | $307K | $289.9K | -5.6% |
Housing Supply in Elbert County, GA
How many homes are available in Elbert County, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
47 | 54 | +14.9% |
Summary: The Elbert County real estate market had 54 homes for sale in March 2024, a 14.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 10 | +11.1% |
3 Bedrooms | 24 | 25 | +4.2% |
4 Bedrooms | 5 | 11 | +120.0% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Elbert County 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 11.1%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 120%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 11 | +57.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Elbert County in March 2024, up by 57.1% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Elbert County, GA
How long does it take to sell a home in Elbert County, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
23 Days | 40 Days | +76.7% |
Summary: Homes in Elbert County had an average of 40 days on market in Mar 2024, up by 76.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 11 homes were sold in Elbert County; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.