Is Elbert County, 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, Elbert County has remained a Seller's Market.
Key Takeaway
Elbert County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elbert County, GA
How much do homes in Elbert County, GA cost?
Median Sold Price
$187,000
$108/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elbert County have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Elbert County was $187,000 in May 2024, up 13.3% from last year, and the median price per square foot was $108.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $110K | +29.4% |
| 2 Bedrooms | $114.9K | $140K | +21.8% |
| 3 Bedrooms | $169K | $190K | +12.4% |
| 4 Bedrooms | $210K | $285K | +35.7% |
| 5+ Bedrooms | $180K | $340K | +88.9% |
Summary: Elbert County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 35.7%, and 5+ bedroom homes increased by 88.9%.
Median Sold Price Compared To Nearby Counties
| Elbert County | $165K | $187K | +13.3% |
| Oglethorpe County | $275K | $296.2K | +7.7% |
| Madison County | $289.9K | $307K | +5.9% |
| Hart County | $298K | $289.9K | -2.7% |
Housing Supply in Elbert County, GA
How many homes are available in Elbert County, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 68 | 0.0% |
Summary: The Elbert County real estate market had 68 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 14 | 12 | -14.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Elbert County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elbert County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Elbert County in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 48 Days | 21 Days | -56.7% |
Summary: Homes in Elbert County had an average of 21 days on market in May 2024, down by 56.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elbert County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Elbert County; 83% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% 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.