Single-Family Homes
Thu Sep 21 2023
This week the median list price for Blue Ridge, GA 30513 is $750,000 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 200.
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.
Median List Price | $750,000 | |
Median Price of New Listings | $735,000 | |
Per Square Foot | $334 | |
Average Days on Market | 109 | |
Median Days on Market | 70 | |
Price Decreased | 44% | |
Price Increased | 4% | |
Relisted | 24% | |
Inventory | 200 | |
Median Rent | ||
Market Action | 29 | |
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.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,297,225 | 3,148 | 1 - 2.5 acres | 4 | 3.5 | 6 | 0 | 4 | 49 |
$899,900 | 2,776 | 1 - 2.5 acres | 4 | 3.5 | 17 | 4 | 6 | 80 |
$649,700 | 2,100 | 1 - 2.5 acres | 3 | 3 | 20 | 3 | 4 | 73 |
$399,950 | 1,382 | 1 - 2.5 acres | 3 | 2 | 27 | 4 | 7 | 56 |