Is Ellenwood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ellenwood has remained a Seller's Market.
Housing Prices in Ellenwood, GA
How much do homes in Ellenwood, GA cost?
Median Sold Price
$300,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ellenwood was $300,000 in April 2024, down 2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $148.5K | $210K | +41.4% |
3 Bedrooms | $259.5K | $255K | -1.7% |
4 Bedrooms | $330K | $320K | -3.0% |
5+ Bedrooms | $400K | $354.8K | -11.3% |
Summary: Ellenwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 41.4%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 11.3%.
Median Sold Price Compared To Nearby Cities
Forest Park | $190K | $200K | +5.3% |
Forest Park-Morrow | $232.5K | $232.2K | -0.1% |
Ellenwood | $306.1K | $300K | -2.0% |
Rex | $260.7K | $255K | -2.2% |
Conley | $259.9K | $229.9K | -11.5% |
Housing Supply in Ellenwood, GA
How many homes are available in Ellenwood, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
185 | 204 | +10.3% |
Summary: The Ellenwood real estate market had 204 homes for sale in April 2024, a 10.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 65 | 83 | +27.7% |
4 Bedrooms | 80 | 86 | +7.5% |
5+ Bedrooms | 33 | 28 | -15.2% |
Summary: The Ellenwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 15.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 48 | +4.3% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in Ellenwood in April 2024, up by 4.3% month-over-month. Of the 42 sold homes, 40% were sold under asking, 40% were sold at asking, and 19% were sold over asking.
Days on Market for Ellenwood, GA
How long does it take to sell a home in Ellenwood, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 34 Days | -36.9% |
Summary: Homes in Ellenwood had an average of 34 days on market in Apr 2024, down by 36.9% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in Ellenwood; 56% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.