Is South Gilmer, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing South Gilmer is a buyer's market

Buyer's
Market

Difference Since December 2023

At the same time last year, South Gilmer was a Seller's Market.

Key Takeaway

South Gilmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in South Gilmer, GA

How much do homes in South Gilmer, GA cost?

Median Sold Price

$420,000

$232/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

-$100,000(-19.2%)

Key Takeaway

Homes in South Gilmer have sold for 19.2% less than they did a year ago.

Summary: The median home sold price in South Gilmer was $420,000 in December 2024, down 19.2% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $227K$210K
-7.5%
2 $359.9K$347.5K
-3.4%
3 $520K$480K
-7.7%
4 $640K$442.5K
-30.9%
5+ $640.5K$770K
+20.2%

Summary: South Gilmer housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes decreased by 30.9%, and 5+ bedroom homes increased by 20.2%.

Median Sold Price Compared To Nearby Cities

Nelson-Tate-Marble Hill
+11.5%
Carters Lake
+4.6%
Ellijay
+1.6%
Rich Mountain
+1.0%
South Gilmer
-19.2%

Housing Supply in South Gilmer, GA

How many homes are available in South Gilmer, GA?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5658+3.6%

Summary: The South Gilmer real estate market had 58 homes for sale in December 2024, a 3.6% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 65
-16.7%
3 1819
+5.6%
4 2425
+4.2%
5+ 89
+12.5%

Summary: The South Gilmer housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 12.5%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in South Gilmer, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in South Gilmer in December 2024, up by 200.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for South Gilmer, GA

How long does it take to sell a home in South Gilmer, GA?

Average Sale Time

Dec 2023Dec 2024CHANGE
42 Days73 Days+75.0%

Summary: Homes in South Gilmer had an average of 73 days on market in Dec 2024, up by 75% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in South Gilmer are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During December 2024, 6 homes were sold in South Gilmer; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 4 Days Ago

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Newest Listings in South Gilmer, GA

Nearby Markets to South Gilmer, GA

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MLS Disclaimers and Copyright

Based on information from Georgia MLS, Northeast Georgia MLS, and First Multiple Listing Service Inc. for the period 01/01/2023 - 01/01/2025

IDX Based on information from the Georgia MLS © 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 11:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Northeast Georgia Board of REALTORS ® Multiple Listing Service. © Copyright 2025. All rights reserved. This information is being provided for the consumers' personal, use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily; however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 11:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX 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 Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2025 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/4/2025, 11:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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