$4,630 Closing Credit*
$389,900
2,050 SqFt
4 Beds
•2 Full Baths
Katie Reid, Listing Office: Virtual Properties Realty.com
Is Gillsville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gillsville was a Neutral Market.
Key Takeaway
Gillsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gillsville, GA
How much do homes in Gillsville, GA cost?
Median Sold Price
$330,000
$203/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$50,000(+17.9%)
Key Takeaway
Homes in Gillsville have sold for 17.9% more than they did a year ago.
Summary: The median home sold price in Gillsville was $330,000 in October 2024, up 17.9% from last year, and the median price per square foot was $203.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $122.5K | $245K | +100.0% |
| 3 Bedrooms | $259K | $306.5K | +18.3% |
| 4 Bedrooms | $309K | $382K | +23.6% |
| 5+ Bedrooms | $340K | - | N/A |
Summary: Gillsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 23.6%, and 5+ bedroom homes did not change.
Housing Supply in Gillsville, GA
How many homes are available in Gillsville, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 24 | +26.3% |
Summary: The Gillsville real estate market had 24 homes for sale in October 2024, a 26.3% 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 | 0 | 0.0% |
| 3 Bedrooms | 9 | 14 | +55.6% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Gillsville 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 remained the same, 3 bedroom homes increased by 55.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gillsville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Gillsville in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Gillsville, GA
How long does it take to sell a home in Gillsville, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 15 Days | 17 Days | +14.3% |
Summary: Homes in Gillsville had an average of 17 days on market in Oct 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gillsville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Gillsville; 86% of homes were sold within 30 days, 14% 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.