$9,024 Closing Credit*
$759,900
1,920 SqFt
3 Beds
•3 Full Baths
Listing Office: Blue Ridge Realty, Inc.
Is Cherry Log, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Cherry Log has remained a Buyer's Market.
Key Takeaway
Cherry Log is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cherry Log, GA
How much do homes in Cherry Log, GA cost?
Median Sold Price
$547,500
$312/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$70,050(+14.7%)
Key Takeaway
Homes in Cherry Log have sold for 14.7% more than they did a year ago.
Summary: The median home sold price in Cherry Log was $547,500 in October 2024, up 14.7% from last year, and the median price per square foot was $312.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $350K | N/A |
| 2 Bedrooms | $407.5K | $445K | +9.2% |
| 3 Bedrooms | $537K | $635K | +18.2% |
| 4 Bedrooms | $825K | $865K | +4.8% |
| 5+ Bedrooms | $900K | - | N/A |
Summary: Cherry Log housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Cherry Log | $477.4K | $547.5K | +14.7% |
| North Gilmer | $425K | $486.7K | +14.5% |
| Epworth | $427.4K | $483K | +13.0% |
| Higdon-Mobile | $599K | $619.5K | +3.4% |
| Rich Mountain | $479.9K | $485.3K | +1.1% |
Housing Supply in Cherry Log, GA
How many homes are available in Cherry Log, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 82 | 97 | +18.3% |
Summary: The Cherry Log real estate market had 97 homes for sale in October 2024, a 18.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 61 | 68 | +11.5% |
| 4 Bedrooms | 12 | 18 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Cherry Log housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
5 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 Cherry Log, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cherry Log in October 2024, the same as the previous month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cherry Log, GA
How long does it take to sell a home in Cherry Log, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 16 Days | 104 Days | +555.0% |
Summary: Homes in Cherry Log had an average of 104 days on market in Oct 2024, up by 555% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cherry Log are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Cherry Log; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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.