Is Elbert County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Elbert County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Elbert County was a Seller's Market.

Key Takeaway

Elbert County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Elbert County, GA

How much do homes in Elbert County, GA cost?

Median Sold Price

$202,000

$113/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$27,000(+15.4%)

Key Takeaway

Homes in Elbert County have sold for 15.4% more than they did a year ago.

Summary: The median home sold price in Elbert County was $202,000 in October 2024, up 15.4% from last year, and the median price per square foot was $113.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$160K
+45.5%
2 $132K$151K
+14.4%
3 $188.7K$205K
+8.6%
4 $210K$237.5K
+13.1%
5+ $315K$300K
-4.8%

Summary: Elbert County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.5%, 2 bedroom homes increased by 14.4%, 3 bedroom homes increased by 8.6%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes decreased by 4.8%.

Median Sold Price Compared To Nearby Counties

Elbert County
+15.4%
Madison County
+10.5%
Hart County
+7.6%
Oglethorpe County
+7.3%

Housing Supply in Elbert County, GA

How many homes are available in Elbert County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7279+9.7%

Summary: The Elbert County real estate market had 79 homes for sale in October 2024, a 9.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 32
-33.3%
2 1415
+7.1%
3 3945
+15.4%
4 1312
-7.7%
5+ 35
+66.7%

Summary: The Elbert County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
713+85.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Elbert County, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Elbert County in October 2024, up by 85.7% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
50 Days80 Days+57.7%

Summary: Homes in Elbert County had an average of 80 days on market in Oct 2024, up by 57.7% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Elbert County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 13 homes were sold in Elbert County; 31% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Elbert County, GA

Nearby Markets to Elbert County, GA

What housing markets are near Elbert County, GA?