Is Gilmer County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gilmer County was a Seller's Market.
Key Takeaway
Gilmer County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gilmer County, GA
How much do homes in Gilmer County, GA cost?
Median Sold Price
$440,500
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gilmer County have sold for 1.3% more than they did a year ago.
Summary: The median home sold price in Gilmer County was $440,500 in March 2024, up 1.3% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $100K | 0.0% |
| 2 Bedrooms | $375K | $375.7K | 0.2% |
| 3 Bedrooms | $449.6K | $467.6K | +4.0% |
| 4 Bedrooms | $525K | $535K | +1.9% |
| 5+ Bedrooms | $600K | $635K | +5.8% |
Summary: Gilmer County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Counties
| Murray County | $232.5K | $249.9K | +7.5% |
| Pickens County | $387.6K | $409.9K | +5.8% |
| Dawson County | $406.7K | $419K | +3.0% |
| Gilmer County | $435K | $440.5K | +1.3% |
| Fannin County | $579.2K | $563.4K | -2.7% |
Housing Supply in Gilmer County, GA
How many homes are available in Gilmer County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 615 | 746 | +21.3% |
Summary: The Gilmer County real estate market had 746 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 34 | +17.2% |
| 2 Bedrooms | 125 | 165 | +32.0% |
| 3 Bedrooms | 305 | 360 | +18.0% |
| 4 Bedrooms | 121 | 140 | +15.7% |
| 5+ Bedrooms | 35 | 47 | +34.3% |
Summary: The Gilmer County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes increased by 34.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 54 | 0.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gilmer County, you may be able to get a good deal. 76.9% of homes here sold below asking price last month.
Summary: A total of 54 homes were sold or pending in Gilmer County in March 2024, the same as the previous month. Of the 52 sold homes, 77% were sold under asking, 12% were sold at asking, and 12% were sold over asking.
Days on Market for Gilmer County, GA
How long does it take to sell a home in Gilmer County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 52 Days | 61 Days | +17.8% |
Summary: Homes in Gilmer County had an average of 61 days on market in Mar 2024, up by 17.8% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gilmer County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 54 homes were sold in Gilmer County; 50% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.