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 Apr 23 2024
This week the median list price for Young Harris, GA 30582 is $589,900 with the market action index hovering around 33. This is less than last month's market action index of 36. Inventory has increased to 29.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $589,900 | |
| Median Price of New Listings | $649,900 | |
| Per Square Foot | $277 | |
| Average Days on Market | 126 | |
| Median Days on Market | 84 | |
| Price Decreased | 28% | |
| Price Increased | 0% | |
| Relisted | 7% | |
| Inventory | 29 | |
| Median Rent | ||
| Market Action | 33 | |
| Slight Seller's Advantage | ||
While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.
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 |
|---|---|---|---|---|---|---|---|---|
| $825,000 | 2,724 | 1 - 2.5 acres | 4 | 3.5 | 21 | 1 | 0 | 77 |
| $695,000 | 2,463 | 1 - 2.5 acres | 3 | 3 | 1 | 0 | 1 | 105 |
| $559,900 | 2,262 | 1 - 2.5 acres | 3 | 3 | 18 | 1 | 0 | 70 |
| $429,000 | 1,441 | 0.5 - 1 acre | 3 | 2 | 29 | 0 | 0 | 77 |