Rick Andrews' Market Report
Blue Ridge, GA 30513
Single-Family Homes
Your Mountain Realtor | 828-557-9139 | rick@callrickandrews.com
Blue Ridge, GA 30513
Tue Oct 15 2024
This week the median list price for Blue Ridge, GA 30513 is $749,000 with the market action index hovering around 24. This is about the same as last month's market action index of 24. Inventory has increased to 329.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $749,000 | |
| Median Price of New Listings | $725,000 | |
| Per Square Foot | $352 | |
| Average Days on Market | 130 | |
| Median Days on Market | 91 | |
| Price Decreased | 49% | |
| Price Increased | 3% | |
| Relisted | 36% | |
| Inventory | 329 | |
| Median Rent | ||
| Market Action | 24 | |
| Slight Buyer's Advantage | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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 |
|---|---|---|---|---|---|---|---|---|
| $1,799,499 | 3,766 | 1 - 2.5 acres | 4 | 4 | 6 | 4 | 3 | 91 |
| $899,000 | 2,674 | 1 - 2.5 acres | 3 | 3 | 17 | 2 | 6 | 98 |
| $636,950 | 2,248 | 1 - 2.5 acres | 3 | 3 | 18 | 5 | 7 | 101 |
| $429,000 | 1,319 | 1 - 2.5 acres | 2 | 2 | 29 | 5 | 9 | 91 |