Elko Housing Market Report January 2025•Houston County, Georgia

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Housing Prices in Elko, GA

How much do homes in Elko, GA cost?

Housing Market Conditions

Is Elko, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elko is a Buyer's Market

Difference Since January 2024

Since last year, Elko has remained a Buyer's Market.

Insight

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

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$306,735$169/SqFt
-$78,225
-20.3%

Based on all homes sold in the last 12 months

Insight

Homes in Elko have sold for 20.3% less than they did a year ago.

Summary: The median home sold price in Elko was $306,735 in January 2025, down 20.3% from last year, and the median price per square foot was $169.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Perry
+2.7%
Bonaire
-6.8%
Kathleen
-9.8%
Elko
-20.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$25K-
N/A
3$328.9K$274.1K
-16.6%
4$384.9K$313.6K
-18.5%
5$409.2K$510K
+24.6%

Summary: Elko housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes decreased by -16.6%. The home price for 4 bedroom homes decreased by -18.5%. The home price for 5 bedroom homes increased by +24.6%.

Housing supply in Elko, GA

How many homes are available in Elko, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
29Last MonthJan 2025
192 months agoDec 2024
+52.6 %
Change MoMDec – Jan

Summary: The Elko real estate market had 29 homes for sale in Jan 2025, a 52.6 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
4Last MonthJan 2025
12 months agoDec 2024
+300.0 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
100
0.0%
201
+100.0%
3510
+100.0%
468
+33.3%
5810
+25.0%

Summary: Elko housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +100.0%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +25.0%.

Asking Price vs. Sold Price

How much do homes in Elko, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price2 Homes

Under Asking Price1 Home

Insight

If you're buying a home in Elko, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Elko in January 2025, up by 300.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and and 0% were sold over asking.

Days on Market for Elko, GA

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

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days0 Home

Over 90 Days2 Homes

Insight

Many homes in Elko are selling fast, if you're buying plan to act quickly.

Summary: During January 2025, 4 homes were sold in Elko; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
69 DaysThis YearJan 2025
70 Days1 year agoJan 2024
-0.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Elko had an average listing age of 69 days in Jan 2025, down by 0.4% compared to the previous year.

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Newest Listings in Elko, GA

What homes are available in Elko, GA?

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Nearby markets

Popular Cities with Homes for Sale in Georgia

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Based on information from Central Georgia MLS, Georgia MLS, and First Multiple Listing Service Inc. for the period 02/01/2023 - 02/01/2025

The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. 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 provided is deemed reliable but is not guaranteed and should be independently verified.
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Last updated on: 2/22/2025, 10:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/22/2025, 10:20:51 AM 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: 2/22/2025, 10:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.