Is Elberton, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Elberton has remained a Seller's Market.
Key Takeaway
Elberton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elberton, GA
How much do homes in Elberton, GA cost?
Median Sold Price
$182,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elberton have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Elberton was $182,500 in May 2024, up 10.6% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $110K | +29.4% |
| 2 Bedrooms | $114.9K | $140K | +21.8% |
| 3 Bedrooms | $165K | $185K | +12.1% |
| 4 Bedrooms | $208K | $292.5K | +40.6% |
| 5+ Bedrooms | $180K | $314.5K | +74.7% |
Summary: Elberton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 21.8%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 40.6%, and 5+ bedroom homes increased by 74.7%.
Housing Supply in Elberton, GA
How many homes are available in Elberton, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 | 56 | 0.0% |
Summary: The Elberton real estate market had 56 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 30 | 35 | +16.7% |
| 4 Bedrooms | 11 | 8 | -27.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Elberton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 16.7%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elberton, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Elberton in May 2024, the same as the previous month. Of the 10 sold homes, 50% were sold under asking, 20% were sold at asking, and 30% were sold over asking.
Days on Market for Elberton, GA
How long does it take to sell a home in Elberton, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 23 Days | -57.6% |
Summary: Homes in Elberton had an average of 23 days on market in May 2024, down by 57.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Elberton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 10 homes were sold in Elberton; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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 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.