$4,747 Closing Credit*
$399,777
1,016 SqFt
3 Beds
•2 Full Baths
Cindy T. West, Listing Office: RE/MAX Town & Country
Is North Gilmer, 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, North Gilmer was a Seller's Market.
Key Takeaway
North Gilmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Gilmer, GA
How much do homes in North Gilmer, GA cost?
Median Sold Price
$496,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$43,500(+9.6%)
Key Takeaway
Homes in North Gilmer have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in North Gilmer was $496,000 in November 2024, up 9.6% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $307K | $175K | -43.0% |
| 2 Bedrooms | $399.9K | $417.8K | +4.5% |
| 3 Bedrooms | $504K | $515K | +2.2% |
| 4 Bedrooms | $592K | $632.5K | +6.8% |
| 5+ Bedrooms | $825K | $1.0M | +25.2% |
Summary: North Gilmer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 43%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Cherry Log | $480K | $542.5K | +13.0% |
| North Gilmer | $452.5K | $496K | +9.6% |
| Carters Lake | $409.3K | $434K | +6.0% |
| Ellijay | $438K | $459.9K | +5.0% |
| Rich Mountain | $485K | $480.8K | -0.9% |
Housing Supply in North Gilmer, GA
How many homes are available in North Gilmer, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 199 | 212 | +6.5% |
Summary: The North Gilmer real estate market had 212 homes for sale in November 2024, a 6.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 51 | 58 | +13.7% |
| 3 Bedrooms | 86 | 86 | 0.0% |
| 4 Bedrooms | 41 | 44 | +7.3% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The North Gilmer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 18 | +5.9% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Gilmer, you may be able to get a good deal. 94.1% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in North Gilmer in November 2024, up by 5.9% month-over-month. Of the 17 sold homes, 94% were sold under asking, 6% were sold at asking, and 0% were sold over asking.
Days on Market for North Gilmer, GA
How long does it take to sell a home in North Gilmer, GA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 54 Days | 60 Days | +11.2% |
Summary: Homes in North Gilmer had an average of 60 days on market in Nov 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in North Gilmer has remained consistent over time.
Summary: During November 2024, 18 homes were sold in North Gilmer; 28% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 33% 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. If you believe any FMLS listing contains material that infringes your copyrighted work please 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.