Is Hiawassee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hiawassee was a Seller's Market.
Key Takeaway
Hiawassee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hiawassee, GA
How much do homes in Hiawassee, GA cost?
Median Sold Price
$379,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hiawassee have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Hiawassee was $379,000 in March 2024, up 9.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $400K | +122.2% |
| 2 Bedrooms | $315K | $265K | -15.9% |
| 3 Bedrooms | $355K | $425K | +19.7% |
| 4 Bedrooms | $464.4K | $547.5K | +17.9% |
| 5+ Bedrooms | $312.5K | $1.0M | +230.4% |
Summary: Hiawassee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 122.2%, 2 bedroom homes decreased by 15.9%, 3 bedroom homes increased by 19.7%, 4 bedroom homes increased by 17.9%, 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
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 115 | 150 | +30.4% |
Summary: The Hiawassee real estate market had 150 homes for sale in March 2024, a 30.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 32 | 38 | +18.8% |
| 3 Bedrooms | 52 | 70 | +34.6% |
| 4 Bedrooms | 22 | 31 | +40.9% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Hiawassee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 34.6%, 4 bedroom homes increased by 40.9%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hiawassee, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Hiawassee in March 2024, up by 33.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 72 Days | 140 Days | +93.8% |
Summary: Homes in Hiawassee had an average of 140 days on market in Mar 2024, up by 93.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hiawassee are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Hiawassee; 63% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
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