Is Ellenwood, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ellenwood was a Seller's Market.
Key Takeaway
Ellenwood is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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.
Difference Since May 2023
Key Takeaway
Homes in Ellenwood have sold for 2% less than they did a year ago.
Summary: The median home sold price in Ellenwood was $300,000 in May 2024, down 2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $150K | $215K | +43.3% |
| 3 Bedrooms | $258.5K | $255K | -1.4% |
| 4 Bedrooms | $330K | $320K | -3.0% |
| 5+ Bedrooms | $400K | $355.5K | -11.1% |
Summary: Ellenwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes decreased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Forest Park | $190K | $198.9K | +4.7% |
| Forest Park-Morrow | $232.6K | $230K | -1.1% |
| Ellenwood | $306.1K | $300K | -2.0% |
| Rex | $263.9K | $255K | -3.4% |
| Conley | $259.9K | $230K | -11.5% |
Housing Supply in Ellenwood, GA
How many homes are available in Ellenwood, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 209 | 222 | +6.2% |
Summary: The Ellenwood real estate market had 222 homes for sale in May 2024, a 6.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 88 | 93 | +5.7% |
| 4 Bedrooms | 87 | 90 | +3.4% |
| 5+ Bedrooms | 29 | 34 | +17.2% |
Summary: The Ellenwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 17.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 51 | 32 | -37.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellenwood, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 32 homes were sold or pending in Ellenwood in May 2024, down by 37.3% month-over-month. Of the 28 sold homes, 25% were sold under asking, 32% were sold at asking, and 43% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 41 Days | +68.6% |
Summary: Homes in Ellenwood had an average of 41 days on market in May 2024, up by 68.6% compared to last year.
Breakdown of Home Sale Times
23 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellenwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 32 homes were sold in Ellenwood; 72% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 16% 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.