$8,063 Closing Credit*
$679,000
3,140 SqFt
4 Beds
•3 Full Baths
Listing Office: Mountain Place Realty
Is South 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, 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
$477,500
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$34,500(-6.7%)
Key Takeaway
Homes in South Gilmer have sold for 6.7% less than they did a year ago.
Summary: The median home sold price in South Gilmer was $477,500 in November 2024, down 6.7% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $227K | $210K | -7.5% |
| 2 Bedrooms | $359.9K | $365K | +1.4% |
| 3 Bedrooms | $502.5K | $541K | +7.7% |
| 4 Bedrooms | $515K | $628K | +21.9% |
| 5+ Bedrooms | $560.8K | $770K | +37.3% |
Summary: South Gilmer housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes increased by 37.3%.
Median Sold Price Compared To Nearby Cities
| Nelson-Tate-Marble Hill | $455K | $495K | +8.8% |
| Carters Lake | $409.3K | $434K | +6.0% |
| Ellijay | $438K | $459.9K | +5.0% |
| Rich Mountain | $485K | $480.8K | -0.9% |
| South Gilmer | $512K | $477.5K | -6.7% |
Housing Supply in South Gilmer, GA
How many homes are available in South Gilmer, GA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 62 | 71 | +14.5% |
Summary: The South Gilmer real estate market had 71 homes for sale in November 2024, a 14.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 10 | +66.7% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 26 | 25 | -3.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The South Gilmer housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 28.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 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 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 2 homes were sold or pending in South Gilmer in November 2024, down by 50.0% month-over-month. Of the 2 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 85 Days | 42 Days | -50.2% |
Summary: Homes in South Gilmer had an average of 42 days on market in Nov 2024, down by 50.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Gilmer are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in South Gilmer; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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.