$5,044 Closing Credit*
$424,777
1,362 SqFt
2 Beds
•1 Full Bath
Listing Office: REMAX Town & Country - Ellijay
Is Ellijay, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Ellijay was a Seller's Market.
Key Takeaway
Ellijay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ellijay, GA
How much do homes in Ellijay, GA cost?
Median Sold Price
$459,999
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,999(+5.0%)
Key Takeaway
Homes in Ellijay have sold for 5% more than they did a year ago.
Summary: The median home sold price in Ellijay was $459,999 in November 2024, up 5% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $92.5K | $138K | +49.2% |
| 2 Bedrooms | $365K | $380K | +4.1% |
| 3 Bedrooms | $460K | $475K | +3.3% |
| 4 Bedrooms | $535K | $599.7K | +12.1% |
| 5+ Bedrooms | $630K | $800K | +27.0% |
Summary: Ellijay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 49.2%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 27%.
Median Sold Price Compared To Nearby Cities
| North Gilmer | $452.5K | $496K | +9.6% |
| Carters Lake | $409.3K | $434K | +6.0% |
| Ellijay | $438K | $459.9K | +5.0% |
| South Gilmer | $512K | $477.5K | -6.7% |
Housing Supply in Ellijay, GA
How many homes are available in Ellijay, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 715 | 805 | +12.6% |
Summary: The Ellijay real estate market had 805 homes for sale in November 2024, a 12.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 62 | +19.2% |
| 2 Bedrooms | 143 | 165 | +15.4% |
| 3 Bedrooms | 334 | 366 | +9.6% |
| 4 Bedrooms | 132 | 153 | +15.9% |
| 5+ Bedrooms | 54 | 59 | +9.3% |
Summary: The Ellijay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 15.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 42 | -16.0% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ellijay, you may be able to get a good deal. 90.2% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Ellijay in November 2024, down by 16.0% month-over-month. Of the 41 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Ellijay, GA
How long does it take to sell a home in Ellijay, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 64 Days | +11.7% |
Summary: Homes in Ellijay had an average of 64 days on market in Nov 2024, up by 11.7% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ellijay are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 42 homes were sold in Ellijay; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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