$580,000
46.31 Acres
Land
#246761, Listing Office: KELLER WILLIAMS REALTY MIDDLE GEORGIA
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
$234,000
$160/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$161,750(-40.9%)
Key Takeaway
Homes in Elko have sold for 40.9% less than they did a month ago.
Summary: The median home sold price in Elko was $234,000 in October 2024, down 40.9% from last month, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $281.5K | $234K | -16.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $510K | - | N/A |
Summary: Elko housing prices by bedroom type for October 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 16.9%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 35 | +29.6% |
Summary: The Elko real estate market had 35 homes for sale in October 2024, a 29.6% 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 | 0 | 1 | +100.0% |
| 3 Bedrooms | 9 | 11 | +22.2% |
| 4 Bedrooms | 8 | 10 | +25.0% |
| 5+ Bedrooms | 10 | 13 | +30.0% |
Summary: The Elko 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 100%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elko, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Elko in October 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 83 Days | 56 Days | -32.5% |
Summary: Homes in Elko had an average of 56 days on market in Oct 2024, down by 32.5% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Elko are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Elko; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.