Rick Andrews' Market Report

Young Harris, GA 30582

Single-Family Homes

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



Young Harris, GA 30582

Thu Sep 21 2023
This week the median list price for Young Harris, GA 30582 is $550,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 20. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Young Harris, GA 30582

Thu Sep 21 2023
This week the median list price for Young Harris, GA 30582 is $550,000 with the market action index hovering around 29. This is an increase over last month's market action index of 28. Inventory has held steady at or around 20. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Young Harris market.
Median List Price $550,000
Median Price of New Listings $230,000
Per Square Foot $255
Average Days on Market 92
Median Days on Market 49
Price Decreased 45%
Price Increased 0%
Relisted 25%
Inventory 20
Median Rent
Market Action 29
Slight Buyer'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
$949,900 2,511 1 - 2.5 acres 3 3.5 20 0 0 56
$630,000 2,528 1 - 2.5 acres 3 3 17 0 0 42
$490,000 2,845 0.5 - 1 acre 3 3.5 30 0 1 140
$245,000 960 0.5 - 1 acre 3 2 29 2 1 21