Is Hiawassee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Hiawassee was a Seller's Market.
Housing Prices in Hiawassee, GA
How much do homes in Hiawassee, GA cost?
Median Sold Price
$383,000
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hiawassee was $383,000 in April 2024, up 8.7% from last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $180K | $400K | +122.2% |
2 Bedrooms | $320K | $264K | -17.5% |
3 Bedrooms | $377K | $425K | +12.7% |
4 Bedrooms | $460K | $550K | +19.6% |
5+ Bedrooms | $312.5K | $1.0M | +230.4% |
Summary: Hiawassee housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.2%, 2 bedroom homes decreased by 17.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 19.6%, and 5+ bedroom homes increased by 230.4%.
Housing Supply in Hiawassee, GA
How many homes are available in Hiawassee, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
128 | 175 | +36.7% |
Summary: The Hiawassee real estate market had 175 homes for sale in April 2024, a 36.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 8 | +33.3% |
2 Bedrooms | 31 | 38 | +22.6% |
3 Bedrooms | 64 | 88 | +37.5% |
4 Bedrooms | 26 | 39 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hiawassee housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 22.6%, 3 bedroom homes increased by 37.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 8 | +14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Hiawassee in April 2024, up by 14.3% month-over-month. Of the 8 sold homes, 88% were sold under asking, 0% were sold at asking, and 13% were sold over asking.
Days on Market for Hiawassee, GA
How long does it take to sell a home in Hiawassee, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
76 Days | 100 Days | +31.2% |
Summary: Homes in Hiawassee had an average of 100 days on market in Apr 2024, up by 31.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Hiawassee; 13% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.