$6,211 Closing Credit*
$523,000
2,160 SqFt
3 Beds
•3 Full Baths
Blaine S. Tarnecki, Listing Office: Real Vest Properties
Is Rich Mountain, 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, Rich Mountain was a Seller's Market.
Key Takeaway
Rich Mountain is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Rich Mountain, GA
How much do homes in Rich Mountain, GA cost?
Median Sold Price
$485,375
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,475(+1.1%)
Key Takeaway
Homes in Rich Mountain have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Rich Mountain was $485,375 in October 2024, up 1.1% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $272.9K | - | N/A |
| 2 Bedrooms | $378.5K | $387.5K | +2.4% |
| 3 Bedrooms | $475K | $489.9K | +3.1% |
| 4 Bedrooms | $645K | $615K | -4.7% |
| 5+ Bedrooms | $900K | $1.0M | +12.8% |
Summary: Rich Mountain 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 2.4%, 3 bedroom homes increased by 3.1%, 4 bedroom homes decreased by 4.7%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Cherry Log | $477.4K | $547.5K | +14.7% |
| North Gilmer | $425K | $486.7K | +14.5% |
| Ellijay | $430K | $456.2K | +6.1% |
| Rich Mountain | $479.9K | $485.3K | +1.1% |
| South Gilmer | $482.5K | $481.2K | -0.3% |
Housing Supply in Rich Mountain, GA
How many homes are available in Rich Mountain, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 122 | 154 | +26.2% |
Summary: The Rich Mountain real estate market had 154 homes for sale in October 2024, a 26.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 3 | +100.0% |
| 2 Bedrooms | 20 | 31 | +55.0% |
| 3 Bedrooms | 69 | 76 | +10.1% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Rich Mountain 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 55%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rich Mountain, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Rich Mountain in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Rich Mountain, GA
How long does it take to sell a home in Rich Mountain, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 87 Days | +92.0% |
Summary: Homes in Rich Mountain had an average of 87 days on market in Oct 2024, up by 92% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Rich Mountain has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Rich Mountain; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
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.