$25,000
3.40 Acres
Land
Bruce Evans, Listing Office: EXIT For Sale Realty
Is Elbert County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $160K | +45.5% |
| 2 Bedrooms | $132K | $151K | +14.4% |
| 3 Bedrooms | $188.7K | $205K | +8.6% |
| 4 Bedrooms | $210K | $237.5K | +13.1% |
| 5+ Bedrooms | $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 | $175K | $202K | +15.4% |
| Madison County | $289.6K | $320K | +10.5% |
| Hart County | $287.9K | $310K | +7.6% |
| Oglethorpe County | $279.9K | $300.5K | +7.3% |
Housing Supply in Elbert County, GA
How many homes are available in Elbert County, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 72 | 79 | +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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 39 | 45 | +15.4% |
| 4 Bedrooms | 13 | 12 | -7.7% |
| 5+ Bedrooms | 3 | 5 | +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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 13 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 80 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
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.
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. 
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.