Is Ellabell, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ellabell has remained a Seller's Market.
Key Takeaway
Ellabell is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellabell, GA
How much do homes in Ellabell, GA cost?
Median Sold Price
$308,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ellabell have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Ellabell was $308,000 in May 2024, up 8.1% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $129.9K | $325K | +150.2% |
| 3 Bedrooms | $246K | $290K | +17.9% |
| 4 Bedrooms | $307.6K | $325.2K | +5.7% |
| 5+ Bedrooms | $338.7K | $318K | -6.1% |
Summary: Ellabell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 150.2%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 6.1%.
Median Sold Price Compared To Nearby Cities
| Ellabell | $285K | $308K | +8.1% |
| Nevils-Stilson | $327K | $346.5K | +6.0% |
| Pooler-Bloomingdale | $330.5K | $346.7K | +4.9% |
Housing Supply in Ellabell, GA
How many homes are available in Ellabell, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 47 | 54 | +14.9% |
Summary: The Ellabell real estate market had 54 homes for sale in May 2024, a 14.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 22 | 26 | +18.2% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Ellabell housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellabell, you may be able to get a good deal. 38.5% of homes here sold below asking price last month.
Summary: A total of 13 homes were sold or pending in Ellabell in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% were sold over asking.
Days on Market for Ellabell, GA
How long does it take to sell a home in Ellabell, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 30 Days | 23 Days | -21.8% |
Summary: Homes in Ellabell had an average of 23 days on market in May 2024, down by 21.8% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellabell are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Ellabell; 31% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
