Is Elbert County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Elbert County has remained a Seller's Market.
Housing Prices in Elbert County, GA
How much do homes in Elbert County, GA cost?
Median Sold Price
$179,950
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elbert County was $179,950 in April 2024, up 9.1% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $110K | +29.4% |
2 Bedrooms | $125K | $140K | +12.0% |
3 Bedrooms | $168.5K | $189K | +12.2% |
4 Bedrooms | $210K | $221.3K | +5.4% |
5+ Bedrooms | $145K | $329K | +126.9% |
Summary: Elbert County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 12.2%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 126.9%.
Median Sold Price Compared To Nearby Counties
Elbert County | $165K | $179.9K | +9.1% |
Madison County | $289.9K | $300K | +3.5% |
Oglethorpe County | $282K | $279.9K | -0.7% |
Hart County | $310K | $289.9K | -6.5% |
Housing Supply in Elbert County, GA
How many homes are available in Elbert County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
59 | 66 | +11.9% |
Summary: The Elbert County real estate market had 66 homes for sale in April 2024, a 11.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 12 | 11 | -8.3% |
3 Bedrooms | 28 | 36 | +28.6% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Elbert County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Elbert County in April 2024, up by 18.2% month-over-month. Of the 12 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.
Days on Market for Elbert County, GA
How long does it take to sell a home in Elbert County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
73 Days | 39 Days | -46.0% |
Summary: Homes in Elbert County had an average of 39 days on market in Apr 2024, down by 46% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 13 homes were sold in Elbert County; 54% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.