Is North Gilmer, 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, North Gilmer was a Seller's Market.
Housing Prices in North Gilmer, GA
How much do homes in North Gilmer, GA cost?
Median Sold Price
$441,500
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Gilmer was $441,500 in April 2024, down 1.9% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $81.2K | $260K | +220.0% |
2 Bedrooms | $400K | $403.7K | +0.9% |
3 Bedrooms | $470K | $492.5K | +4.8% |
4 Bedrooms | $584.7K | $599K | +2.4% |
5+ Bedrooms | $600K | $795K | +32.5% |
Summary: North Gilmer housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 220%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 32.5%.
Median Sold Price Compared To Nearby Cities
Carters Lake | $399.9K | $419.6K | +4.9% |
Ellijay | $445K | $443.5K | -0.3% |
Rich Mountain | $479K | $475K | -0.8% |
North Gilmer | $450K | $441.5K | -1.9% |
Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in North Gilmer, GA
How many homes are available in North Gilmer, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
157 | 203 | +29.3% |
Summary: The North Gilmer real estate market had 203 homes for sale in April 2024, a 29.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 39 | 52 | +33.3% |
3 Bedrooms | 73 | 92 | +26.0% |
4 Bedrooms | 32 | 43 | +34.4% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The North Gilmer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 34.4%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in North Gilmer in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for North Gilmer, GA
How long does it take to sell a home in North Gilmer, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
41 Days | 73 Days | +75.0% |
Summary: Homes in North Gilmer had an average of 73 days on market in Apr 2024, up by 75% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in North Gilmer; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.