Is North Gilmer, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Gilmer was a Seller's Market.
Key Takeaway
North Gilmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Gilmer, GA
How much do homes in North Gilmer, GA cost?
Median Sold Price
$460,000
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Gilmer have sold for 3% more than they did a year ago.
Summary: The median home sold price in North Gilmer was $460,000 in May 2024, up 3% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $100K | $253K | +153.0% |
| 2 Bedrooms | $400K | $415K | +3.8% |
| 3 Bedrooms | $462.5K | $504.5K | +9.1% |
| 4 Bedrooms | $639.7K | $592K | -7.5% |
| 5+ Bedrooms | $1.1M | $795K | -28.2% |
Summary: North Gilmer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 7.5%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Ellijay | $424.8K | $450K | +5.9% |
| Carters Lake | $399.3K | $420.1K | +5.2% |
| North Gilmer | $446.7K | $460K | +3.0% |
| Rich Mountain | $469K | $477.4K | +1.8% |
| Cherry Log | $515K | $479.9K | -6.8% |
Housing Supply in North Gilmer, GA
How many homes are available in North Gilmer, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 167 | 194 | +16.2% |
Summary: The North Gilmer real estate market had 194 homes for sale in May 2024, a 16.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 8 | +100.0% |
| 2 Bedrooms | 36 | 54 | +50.0% |
| 3 Bedrooms | 80 | 89 | +11.3% |
| 4 Bedrooms | 38 | 35 | -7.9% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The North Gilmer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.3%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 11 | -38.9% |
Asking Price vs. Sold Price
10 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 North Gilmer, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in North Gilmer in May 2024, down by 38.9% month-over-month. Of the 10 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for North Gilmer, GA
How long does it take to sell a home in North Gilmer, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 18 Days | -69.5% |
Summary: Homes in North Gilmer had an average of 18 days on market in May 2024, down by 69.5% compared to last year.
Breakdown of Home Sale Times
9 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 North Gilmer are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in North Gilmer; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.