$8,311 Closing Credit*
$699,900
2,716 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jaime Brock, Listing Office: ERA Sunrise Realty
Is Carters Lake, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Carters Lake was a Seller's Market.
Key Takeaway
Carters Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carters Lake, GA
How much do homes in Carters Lake, GA cost?
Median Sold Price
$429,000
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$19,000(+4.6%)
Key Takeaway
Homes in Carters Lake have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Carters Lake was $429,000 in December 2024, up 4.6% from last year, and the median price per square foot was $252.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $87K | $130K | +49.4% |
| 2 Bedrooms | $355K | $396.5K | +11.7% |
| 3 Bedrooms | $454.9K | $437K | -4.0% |
| 4 Bedrooms | $487K | $550K | +12.9% |
| 5+ Bedrooms | $625K | $845K | +35.2% |
Summary: Carters Lake housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.4%, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 35.2%.
Median Sold Price Compared To Nearby Cities
| North Gilmer | $460K | $499.5K | +8.6% |
| Carters Lake | $410K | $429K | +4.6% |
| Ellijay | $443.5K | $450.4K | +1.6% |
| South Gilmer | $520K | $420K | -19.2% |
Housing Supply in Carters Lake, GA
How many homes are available in Carters Lake, GA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 314 | 342 | +8.9% |
Summary: The Carters Lake real estate market had 342 homes for sale in December 2024, a 8.9% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 44 | +7.3% |
| 2 Bedrooms | 81 | 88 | +8.6% |
| 3 Bedrooms | 139 | 152 | +9.4% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The Carters Lake housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Carters Lake, you may be able to get a good deal. 91.3% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Carters Lake in December 2024, up by 60.0% month-over-month. Of the 23 sold homes, 91% were sold under asking, 4% were sold at asking, and 4% were sold over asking.
Days on Market for Carters Lake, GA
How long does it take to sell a home in Carters Lake, GA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 49 Days | 66 Days | +34.4% |
Summary: Homes in Carters Lake had an average of 66 days on market in Dec 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Carters Lake has remained consistent over time.
Summary: During December 2024, 24 homes were sold in Carters Lake; 21% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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