Rick Andrews' Market Report

Hiawassee, GA 30546

Single-Family Homes

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


Hiawassee, GA 30546

Fri Jul 26 2024
This week the median list price for Hiawassee, GA 30546 is $504,949 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 90. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Hiawassee, GA 30546

Fri Jul 26 2024
This week the median list price for Hiawassee, GA 30546 is $504,949 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 90. 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

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Hiawassee market.
Median List Price $504,949
Median Price of New Listings $449,500
Per Square Foot $249
Average Days on Market 124
Median Days on Market 84
Price Decreased 46%
Price Increased 1%
Relisted 29%
Inventory 90
Median Rent
Market Action 28
Slight Buyer's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$1,347,949 3,450 1 - 2.5 acres 3 3.8 26 1 2 91
$642,000 3,338 1 - 2.5 acres 3 3 28 1 1 84
$449,500 1,903 1 - 2.5 acres 3 2 29 4 3 49
$274,900 1,127 0.5 - 1 acre 2 2 25 1 0 84