Rick Andrews' Market Report
Hiawassee, GA 30546
Single-Family Homes
Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com
Hiawassee, GA 30546
Fri Apr 19 2024
This week the median list price for Hiawassee, GA 30546 is $479,000 with the market action index hovering around 27. This is less than last month's market action index of 28. Inventory has increased to 67.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
The market has been consistently cool for several weeks. Demand level are low relative to the available inventory. It’s a Buyer’s market and prices have begun moving lower. Look for a persistent shift in Market Action before prices plateau or begin to rise again.
Real-Time Market Profile
| Median List Price | $479,000 | |
| Median Price of New Listings | $450,000 | |
| Per Square Foot | $270 | |
| Average Days on Market | 89 | |
| Median Days on Market | 49 | |
| Price Decreased | 30% | |
| Price Increased | 3% | |
| Relisted | 42% | |
| Inventory | 67 | |
| Median Rent | ||
| Market Action | 27 | |
| Slight Buyer's Advantage | ||
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,162,500 | 3,508 | 1 - 2.5 acres | 4 | 4 | 24 | 2 | 0 | 157 |
| $525,000 | 2,080 | 1 - 2.5 acres | 3 | 3 | 22 | 3 | 2 | 42 |
| $435,000 | 1,778 | 0.5 - 1 acre | 3 | 2 | 30 | 2 | 0 | 49 |
| $259,000 | 1,098 | 0.5 - 1 acre | 2 | 2 | 26 | 4 | 5 | 21 |