Is Rich Mountain, 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, Rich Mountain was a Neutral Market.
Housing Prices in Rich Mountain, GA
How much do homes in Rich Mountain, GA cost?
Median Sold Price
$475,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Rich Mountain was $475,000 in April 2024, down 0.8% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $453.7K | $288.3K | -36.5% |
2 Bedrooms | $378.6K | $387.5K | +2.4% |
3 Bedrooms | $491.3K | $475K | -3.3% |
4 Bedrooms | $644K | $580K | -9.9% |
5+ Bedrooms | $699.9K | $900K | +28.6% |
Summary: Rich Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.5%, 2 bedroom homes increased by 2.4%, 3 bedroom homes decreased by 3.3%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes increased by 28.6%.
Median Sold Price Compared To Nearby Cities
South Gilmer | $490K | $520K | +6.1% |
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 Rich Mountain, GA
How many homes are available in Rich Mountain, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
117 | 144 | +23.1% |
Summary: The Rich Mountain real estate market had 144 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 33 | 40 | +21.2% |
3 Bedrooms | 58 | 74 | +27.6% |
4 Bedrooms | 19 | 22 | +15.8% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Rich Mountain 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 increased by 21.2%, 3 bedroom homes increased by 27.6%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Rich Mountain in April 2024, up by 114.3% month-over-month. Of the 14 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rich Mountain, GA
How long does it take to sell a home in Rich Mountain, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 48 Days | +70.2% |
Summary: Homes in Rich Mountain had an average of 48 days on market in Apr 2024, up by 70.2% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Rich Mountain; 67% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.