Rick Andrews' Market Report
Young Harris, GA 30582
Single-Family Homes
Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com
Young Harris, GA 30582
Tue Nov 29 2022
This week the median list price for Young Harris, GA 30582 is $489,950 with the market action index hovering around 28. This is less than last month's market action index of 32. Inventory has decreased to 14.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyers market, this price trend may be a result of improved quality of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.
Real-Time Market Profile
| Median List Price | $489,950 | |
| Median Price of New Listings | $420,000 | |
| Per Square Foot | $221 | |
| Average Days on Market | 87 | |
| Median Days on Market | 49 | |
| Price Decreased | 29% | |
| Price Increased | 7% | |
| Relisted | 0% | |
| Inventory | 14 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $679,900 | 0 | 1 - 2.5 acres | 3 | 3 | 0 | 0 | 0 | 14 |
| $524,900 | 2,336 | 1 - 2.5 acres | 3 | 3.5 | 20 | 0 | 1 | 42 |
| $439,950 | 1,451 | 1 - 2.5 acres | 2 | 2 | 5 | 1 | 0 | 98 |
| $289,950 | 1,557 | 1 - 2.5 acres | 2 | 1.8 | 32 | 0 | 1 | 77 |