Rick Andrews' Market Report

Young Harris, GA 30582

Single-Family Homes

Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com



Young Harris, GA 30582

Sun May 26 2024
This week the median list price for Young Harris, GA 30582 is $585,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 32. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Young Harris, GA 30582

Sun May 26 2024
This week the median list price for Young Harris, GA 30582 is $585,500 with the market action index hovering around 33. This is less than last month's market action index of 34. Inventory has increased to 32. 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 Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Young Harris market.
Median List Price $585,500
Median Price of New Listings $675,500
Per Square Foot $284
Average Days on Market 122
Median Days on Market 91
Price Decreased 25%
Price Increased 0%
Relisted 3%
Inventory 32
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
$799,000 2,700 1 - 2.5 acres 4 3.3 20 2 1 119
$619,450 2,242 1 - 2.5 acres 3 3 16 2 2 133
$526,250 2,262 1 - 2.5 acres 3 3 25 0 1 24
$432,000 1,275 0.5 - 1 acre 3 2 2 0 0 66