Is Elder, 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, Elder was a Neutral Market.
Housing Prices in Elder, GA
How much do homes in Elder, GA cost?
Median Sold Price
$466,500
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elder was $466,500 in May 2024, down 22.1% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $320K | $250K | -21.9% |
3 Bedrooms | $455K | $400K | -12.1% |
4 Bedrooms | $770K | $665K | -13.6% |
5+ Bedrooms | $780K | $935K | +19.9% |
Summary: Elder 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 decreased by 21.9%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 19.9%.
Median Sold Price Compared To Nearby Cities
Athens | $316.7K | $344.7K | +8.8% |
Elder | $598.7K | $466.5K | -22.1% |
Housing Supply in Elder, GA
How many homes are available in Elder, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 22 | +4.8% |
Summary: The Elder real estate market had 22 homes for sale in May 2024, a 4.8% 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 | 0 | 1 | +100.0% |
3 Bedrooms | 7 | 6 | -14.3% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Elder 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 decreased by 14.3%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Elder in May 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Elder, GA
How long does it take to sell a home in Elder, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
7 Days | 73 Days | +954.3% |
Summary: Homes in Elder had an average of 73 days on market in May 2024, up by 954.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Elder; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.