Is Sautee Nacoochee, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sautee Nacoochee is a buyer's market

Buyer's
Market

Difference Since March 2023

At the same time last year, Sautee Nacoochee was a Seller's Market.

Key Takeaway

Sautee Nacoochee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sautee Nacoochee, GA

How much do homes in Sautee Nacoochee, GA cost?

Median Sold Price

$385,000

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$10,000(+2.7%)

Key Takeaway

Homes in Sautee Nacoochee have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Sautee Nacoochee was $385,000 in March 2024, up 2.7% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $207.5K$229.5K
+10.6%
2 $282.2K$269K
-4.7%
3 $360K$375K
+4.2%
4 $415K$440K
+6.0%
5+ $743K$475K
-36.1%

Summary: Sautee Nacoochee housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 6%, and 5+ bedroom homes decreased by 36.1%.

Median Sold Price Compared To Nearby Cities

Macedonia
+19.3%
Helen
+3.2%
Sautee Nacoochee
+2.7%

Housing Supply in Sautee Nacoochee, GA

How many homes are available in Sautee Nacoochee, GA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
3945+15.4%

Summary: The Sautee Nacoochee real estate market had 45 homes for sale in March 2024, a 15.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 22
0.0%
2 58
+60.0%
3 2021
+5.0%
4 68
+33.3%
5+ 66
0.0%

Summary: The Sautee Nacoochee housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
56+20.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sautee Nacoochee, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Sautee Nacoochee in March 2024, up by 20.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 33% were sold at asking, and 67% were sold over asking.

Days on Market for Sautee Nacoochee, GA

How long does it take to sell a home in Sautee Nacoochee, GA?

Average Sale Time

Mar 2023Mar 2024CHANGE
59 Days31 Days-47.2%

Summary: Homes in Sautee Nacoochee had an average of 31 days on market in Mar 2024, down by 47.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sautee Nacoochee are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Sautee Nacoochee; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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