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. Click here to stay informed with the Young Harris market!

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.

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. Click here to stay informed with the Young Harris market!

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

Never miss important changes in the Young Harris market.
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