$10,000 Closing Credit*
$1,249,000
4,640 SqFt
5 Beds
•4 Full Baths, 1 Partial
Ralph M Harvey III, Listing Office: Listwithfreedom.com INC
Is Lumpkin County, 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, Lumpkin County has remained a Seller's Market.
Key Takeaway
Lumpkin County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lumpkin County, GA
How much do homes in Lumpkin County, GA cost?
Median Sold Price
$375,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$14,000(+3.9%)
Key Takeaway
Homes in Lumpkin County have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Lumpkin County was $375,000 in November 2024, up 3.9% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $349.5K | +33.4% |
| 2 Bedrooms | $247K | $299K | +21.1% |
| 3 Bedrooms | $339.9K | $350K | +3.0% |
| 4 Bedrooms | $433.7K | $438K | +1.0% |
| 5+ Bedrooms | $645K | $620K | -3.9% |
Summary: Lumpkin County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.4%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Counties
| Union County | $384.3K | $423.1K | +10.1% |
| Fannin County | $551K | $586.2K | +6.4% |
| Dawson County | $410K | $430K | +4.9% |
| Lumpkin County | $361K | $375K | +3.9% |
| White County | $345.2K | $350K | +1.4% |
Housing Supply in Lumpkin County, GA
How many homes are available in Lumpkin County, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 199 | 194 | -2.5% |
Summary: The Lumpkin County real estate market had 194 homes for sale in November 2024, a 2.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 6 | -14.3% |
| 2 Bedrooms | 18 | 15 | -16.7% |
| 3 Bedrooms | 105 | 113 | +7.6% |
| 4 Bedrooms | 47 | 37 | -21.3% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Lumpkin County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 21.3%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 35 | 39 | +11.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lumpkin County, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Lumpkin County in November 2024, up by 11.4% month-over-month. Of the 36 sold homes, 64% were sold under asking, 19% were sold at asking, and 17% were sold over asking.
Days on Market for Lumpkin County, GA
How long does it take to sell a home in Lumpkin County, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 39 Days | 61 Days | +55.9% |
Summary: Homes in Lumpkin County had an average of 61 days on market in Nov 2024, up by 55.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lumpkin County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in Lumpkin County; 46% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
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