Is Nelson-Tate-Marble Hill, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nelson-Tate-Marble Hill is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Nelson-Tate-Marble Hill was a Seller's Market.

Key Takeaway

Nelson-Tate-Marble Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Nelson-Tate-Marble Hill, GA

How much do homes in Nelson-Tate-Marble Hill, GA cost?

Median Sold Price

$500,000

$206/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$57,800(+13.1%)

Key Takeaway

Homes in Nelson-Tate-Marble Hill have sold for 13.1% more than they did a year ago.

Summary: The median home sold price in Nelson-Tate-Marble Hill was $500,000 in October 2024, up 13.1% from last year, and the median price per square foot was $206.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$275K
N/A
2 $257.5K$312.5K
+21.4%
3 $395K$430.6K
+9.0%
4 $624.9K$645K
+3.2%
5+ $985K$700K
-28.9%

Summary: Nelson-Tate-Marble Hill 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 21.4%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 28.9%.

Median Sold Price Compared To Nearby Cities

Nelson-Tate-Marble Hill
+13.1%
Jasper
+7.1%

Housing Supply in Nelson-Tate-Marble Hill, GA

How many homes are available in Nelson-Tate-Marble Hill, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
199206+3.5%

Summary: The Nelson-Tate-Marble Hill real estate market had 206 homes for sale in October 2024, a 3.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 1213
+8.3%
3 8589
+4.7%
4 7270
-2.8%
5+ 2932
+10.3%

Summary: The Nelson-Tate-Marble Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 10.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3524-31.4%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nelson-Tate-Marble Hill, you may be able to get a good deal. 55% of homes here sold below asking price last month.

Summary: A total of 24 homes were sold or pending in Nelson-Tate-Marble Hill in October 2024, down by 31.4% month-over-month. Of the 20 sold homes, 55% were sold under asking, 35% were sold at asking, and 10% were sold over asking.

Days on Market for Nelson-Tate-Marble Hill, GA

How long does it take to sell a home in Nelson-Tate-Marble Hill, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days94 Days+98.3%

Summary: Homes in Nelson-Tate-Marble Hill had an average of 94 days on market in Oct 2024, up by 98.3% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Nelson-Tate-Marble Hill has remained consistent over time.

Summary: During October 2024, 24 homes were sold in Nelson-Tate-Marble Hill; 33% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

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