Is South 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, South Gilmer was a Seller's Market.
Housing Prices in South Gilmer, GA
How much do homes in South Gilmer, GA cost?
Median Sold Price
$520,000
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Gilmer was $520,000 in April 2024, up 6.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $227K | - | N/A |
2 Bedrooms | $335K | $365.7K | +9.2% |
3 Bedrooms | $500K | $520K | +4.0% |
4 Bedrooms | $515K | $410K | -20.4% |
5+ Bedrooms | $661K | $549.7K | -16.8% |
Summary: South Gilmer 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 9.2%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 20.4%, and 5+ bedroom homes decreased by 16.8%.
Median Sold Price Compared To Nearby Cities
Nelson-Tate-Marble Hill | $397K | $464.9K | +17.1% |
South Gilmer | $490K | $520K | +6.1% |
Carters Lake | $399.9K | $419.6K | +4.9% |
Ellijay | $445K | $443.5K | -0.3% |
Rich Mountain | $479K | $475K | -0.8% |
Housing Supply in South Gilmer, GA
How many homes are available in South Gilmer, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 59 | +25.5% |
Summary: The South Gilmer real estate market had 59 homes for sale in April 2024, a 25.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 4 | +300.0% |
2 Bedrooms | 8 | 10 | +25.0% |
3 Bedrooms | 15 | 19 | +26.7% |
4 Bedrooms | 16 | 19 | +18.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The South Gilmer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 26.7%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in South Gilmer in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Gilmer, GA
How long does it take to sell a home in South Gilmer, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
37 Days | 126 Days | +240.5% |
Summary: Homes in South Gilmer had an average of 126 days on market in Apr 2024, up by 240.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in South Gilmer; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.