Rick Andrews' Market Report

Hiawassee, GA 30546

Single-Family Homes

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



Hiawassee, GA 30546

Tue May 28 2024
This week the median list price for Hiawassee, GA 30546 is $529,900 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 83. Click here to stay informed with the Hiawassee market!

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 continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Hiawassee, GA 30546

Tue May 28 2024
This week the median list price for Hiawassee, GA 30546 is $529,900 with the market action index hovering around 27. This is about the same as last month's market action index of 27. Inventory has increased to 83. Click here to stay informed with the Hiawassee market!

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 continue to fall. Look for a persistent shift in Market Action before prices plateau or begin to rise again.

Real-Time Market Profile

Never miss important changes in the Hiawassee market.
Median List Price $529,900
Median Price of New Listings $512,500
Per Square Foot $249
Average Days on Market 95
Median Days on Market 56
Price Decreased 40%
Price Increased 4%
Relisted 37%
Inventory 83
Median Rent
Market Action 27
Slight Buyer's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$1,472,500 3,950 1 - 2.5 acres 3 4 22 3 1 66
$649,000 3,170 1 - 2.5 acres 4 3 27 2 2 49
$465,000 2,016 1 - 2.5 acres 3 2 24 5 5 77
$249,900 900 0.5 - 1 acre 2 2 27 2 4 56