$1,543 Closing Credit*
$129,900
1 SqFt
5 Beds
•2 Full Baths
Charlie Lathem, Listing Office: Southern Heritage Land Company
Is Elberton, 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, Elberton has remained a Seller's Market.
Key Takeaway
Elberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elberton, GA
How much do homes in Elberton, GA cost?
Median Sold Price
$200,000
$110/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,500(+18.0%)
Key Takeaway
Homes in Elberton have sold for 18% more than they did a year ago.
Summary: The median home sold price in Elberton was $200,000 in October 2024, up 18% from last year, and the median price per square foot was $110.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $110K | $187.5K | +70.5% |
| 2 Bedrooms | $135K | $160K | +18.5% |
| 3 Bedrooms | $178.9K | $200K | +11.8% |
| 4 Bedrooms | $208K | $237.5K | +14.2% |
| 5+ Bedrooms | $315K | $268K | -14.9% |
Summary: Elberton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 70.5%, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 14.2%, and 5+ bedroom homes decreased by 14.9%.
Housing Supply in Elberton, GA
How many homes are available in Elberton, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 59 | +22.9% |
Summary: The Elberton real estate market had 59 homes for sale in October 2024, a 22.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 26 | 34 | +30.8% |
| 4 Bedrooms | 7 | 7 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Elberton 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 increased by 7.1%, 3 bedroom homes increased by 30.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 11 | +175.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elberton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Elberton in October 2024, up by 175.0% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Elberton, GA
How long does it take to sell a home in Elberton, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 81 Days | +48.9% |
Summary: Homes in Elberton had an average of 81 days on market in Oct 2024, up by 48.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elberton has remained consistent over time.
Summary: During October 2024, 11 homes were sold in Elberton; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% 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.