$5,938 Closing Credit*
$500,000
2,258 SqFt
3 Beds
•2 Full Baths
#247426, Listing Office: AF REALTY GROUP
Is Elko, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Elko has remained a Buyer's Market.
Key Takeaway
Elko is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Elko, GA
How much do homes in Elko, GA cost?
Median Sold Price
$400,000
$102/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$166,000(+70.9%)
Key Takeaway
Homes in Elko have sold for 70.9% more than they did a month ago.
Summary: The median home sold price in Elko was $400,000 in November 2024, up 70.9% from last month, and the median price per square foot was $102.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $234K | $130K | -44.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | $467.9K | N/A |
Summary: Elko housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 44.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Elko, GA
How many homes are available in Elko, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 30 | 30 | 0.0% |
Summary: The Elko real estate market had 30 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 10 | 8 | -20.0% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Elko housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Elko, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Elko in November 2024, up by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Elko, GA
How long does it take to sell a home in Elko, GA?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 56 Days | 63 Days | +13.1% |
Summary: Homes in Elko had an average of 63 days on market in Nov 2024, up by 13.1% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elko are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Elko; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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