Comprehensive market data and analysis• Updated Dec 2025
14.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | - |
| 1-2 acres | 1 | 1 | 2 | 5 |
| 2-5 acres | - | - | - | 1 |
| 5-10 acres | - | 3 | 4 | 6 |
| 10-20 acres | - | 1 | 1 | 2 |
| 20-50 acres | 1 | 1 | 2 | 3 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | 1 |
| TOTAL | 2 | 6 | 9 | 18 |
Acreage buckets
The median price for land in Elko, Georgia is currently $20K per acre. For a typical parcel, the median sale price is $106K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $42K while premium lots reached $387K.
Elko, Georgia is currently a strong buyer's market with 14.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Elko, Georgia currently has 14.0 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Land in Elko, Georgia typically sells within 286 days of listing. The median time on market is 295 days. Properties are moving slowly in the current strong buyer's market.
The 3-month absorption rate in Elko, Georgia is 7.1%. The 12-month rate is 5.4%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Over the past 12 months, Elko, Georgia saw 18 properties sold, totaling $3.0M in sales volume. In just the last 3 months, 6 properties changed hands.
The current absorption rate in Elko, Georgia is 7.1% (3-month basis), indicating slow demand. The top-performing broker in this market is Coldwell Banker Free Realty, LLC.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.