$2,945 Closing Credit*
$248,000
1,865 SqFt
3 Beds
•2 Full Baths
Cindy K. Brooks, Listing Office: Pathfinder Realty
Is Ellenwood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ellenwood has remained a Seller's Market.
Key Takeaway
Ellenwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ellenwood, GA
How much do homes in Ellenwood, GA cost?
Median Sold Price
$300,000
$139/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since November 2023.
Key Takeaway
The sold price of homes in Ellenwood has remained the same since last year.
Summary: The median home sold price in Ellenwood was $300,000 in November 2024, the same as last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $192.5K | $185K | -3.9% |
| 3 Bedrooms | $259K | $255.8K | -1.2% |
| 4 Bedrooms | $325K | $320K | -1.5% |
| 5+ Bedrooms | $369.9K | $374.9K | +1.4% |
Summary: Ellenwood housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.9%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Conley | $225K | $242.5K | +7.8% |
| Rex | $250K | $259.7K | +3.9% |
| Ellenwood | $300K | $300K | 0.0% |
| Forest Park-Morrow | $230.2K | $229.9K | -0.1% |
| Forest Park | $203K | $187.5K | -7.6% |
Housing Supply in Ellenwood, GA
How many homes are available in Ellenwood, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 215 | 217 | +0.9% |
Summary: The Ellenwood real estate market had 217 homes for sale in November 2024, a 0.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 3 | -57.1% |
| 3 Bedrooms | 91 | 89 | -2.2% |
| 4 Bedrooms | 78 | 83 | +6.4% |
| 5+ Bedrooms | 39 | 42 | +7.7% |
Summary: The Ellenwood 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 decreased by 57.1%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 36 | 42 | +16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellenwood, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 42 homes were sold or pending in Ellenwood in November 2024, up by 16.7% month-over-month. Of the 38 sold homes, 39% were sold under asking, 42% were sold at asking, and 18% were sold over asking.
Days on Market for Ellenwood, GA
How long does it take to sell a home in Ellenwood, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 56 Days | +28.0% |
Summary: Homes in Ellenwood had an average of 56 days on market in Nov 2024, up by 28% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ellenwood has remained consistent over time.
Summary: During November 2024, 42 homes were sold in Ellenwood; 38% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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