Is Wilkes 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, Wilkes County was a Seller's Market.
Key Takeaway
Wilkes County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Wilkes County, GA
How much do homes in Wilkes County, GA cost?
Median Sold Price
$150,000
$91/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wilkes County have sold for 9.7% less than they did a year ago.
Summary: The median home sold price in Wilkes County was $150,000 in March 2024, down 9.7% from last year, and the median price per square foot was $91.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $149.3K | $150K | 0.4% |
| 3 Bedrooms | $110K | $152K | +38.2% |
| 4 Bedrooms | $372.5K | $106.2K | -71.5% |
| 5+ Bedrooms | $320K | $287.5K | -10.2% |
Summary: Wilkes 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 0.4%, 3 bedroom homes increased by 38.2%, 4 bedroom homes decreased by 71.5%, and 5+ bedroom homes decreased by 10.2%.
Median Sold Price Compared To Nearby Counties
| Oglethorpe County | $279.6K | $296.2K | +5.9% |
| Elbert County | $169K | $175K | +3.6% |
| Wilkes County | $166K | $150K | -9.7% |
| Lincoln County | $370K | $281.2K | -24.0% |
Housing Supply in Wilkes County, GA
How many homes are available in Wilkes County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 26 | 33 | +26.9% |
Summary: The Wilkes County real estate market had 33 homes for sale in March 2024, a 26.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 7 | +133.3% |
| 3 Bedrooms | 8 | 11 | +37.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Wilkes County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 133.3%, 3 bedroom homes increased by 37.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wilkes County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Wilkes County in March 2024, up by 400.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Wilkes County, GA
How long does it take to sell a home in Wilkes County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 115 Days | 22 Days | -80.3% |
Summary: Homes in Wilkes County had an average of 22 days on market in Mar 2024, down by 80.3% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Wilkes County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Wilkes County; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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