Is Gilmer County, 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, Gilmer County was a Seller's Market.
Housing Prices in Gilmer County, GA
How much do homes in Gilmer County, GA cost?
Median Sold Price
$449,983
$240/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gilmer County was $449,983 in April 2024, up 5% from last year, and the median price per square foot was $240.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $95K | $100K | +5.3% |
2 Bedrooms | $373K | $380K | +1.9% |
3 Bedrooms | $440.6K | $475K | +7.8% |
4 Bedrooms | $545K | $535K | -1.8% |
5+ Bedrooms | $591K | $635K | +7.4% |
Summary: Gilmer County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 7.4%.
Median Sold Price Compared To Nearby Counties
Pickens County | $388.7K | $412.6K | +6.1% |
Gilmer County | $428.6K | $449.9K | +5.0% |
Dawson County | $415K | $420K | +1.2% |
Fannin County | $581.5K | $575K | -1.1% |
Murray County | $238K | $232.5K | -2.3% |
Housing Supply in Gilmer County, GA
How many homes are available in Gilmer County, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
624 | 748 | +19.9% |
Summary: The Gilmer County real estate market had 748 homes for sale in April 2024, a 19.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 32 | 46 | +43.8% |
2 Bedrooms | 128 | 155 | +21.1% |
3 Bedrooms | 303 | 350 | +15.5% |
4 Bedrooms | 121 | 153 | +26.4% |
5+ Bedrooms | 40 | 44 | +10.0% |
Summary: The Gilmer County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 26.4%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 64 | +14.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Gilmer County in April 2024, up by 14.3% month-over-month. Of the 62 sold homes, 89% were sold under asking, 5% were sold at asking, and 6% were sold over asking.
Days on Market for Gilmer County, GA
How long does it take to sell a home in Gilmer County, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 54 Days | +14.5% |
Summary: Homes in Gilmer County had an average of 54 days on market in Apr 2024, up by 14.5% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Gilmer County; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.