Real Estate Market Update for 31308 (Ellabell, GA)
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was up 14% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 130-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 31308 (Ellabell, GA)
Area Information for 31308 (Ellabell, GA)
  • Population: 7,628
  • Median Age: 37.92 yr
  • Median Commute Time: 34 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 88/sq mi
  • Population Change Since 2000: 19.95%
  • Closest Airport: Savannah/hilton Head International
  • Closest College: Armstrong Atlantic State University
  • Closest Jr. College: Ogeechee Technical College
  • Median Household Income: $48,335
  • Annual Residential Turnover: 13%
  • Median Home Sales Price: $109,000
  • Closest Major Sports Team: Augusta Greenjackets (a)
  • Change Avg. Household Income Since 2000: 18.3%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 31308 (Ellabell, GA)
Median Age: 37.92 Married: 39% Number of Households: 2,746 Households with Children: 908
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      Local Weather for 31308 (Ellabell, GA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.