Is Watkinsville, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watkinsville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Watkinsville has remained a Seller's Market.

Key Takeaway

Watkinsville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Watkinsville, GA

How much do homes in Watkinsville, GA cost?

Median Sold Price

$483,125

$209/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$7,125(+1.5%)

Key Takeaway

Homes in Watkinsville have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Watkinsville was $483,125 in May 2024, up 1.5% from last year, and the median price per square foot was $209.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $935K$685K
-26.7%
2 $325K$330K
+1.5%
3 $375K$385K
+2.7%
4 $485K$527.5K
+8.8%
5+ $743.7K$700K
-5.9%

Summary: Watkinsville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes decreased by 5.9%.

Housing Supply in Watkinsville, GA

How many homes are available in Watkinsville, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
155154-0.6%

Summary: The Watkinsville real estate market had 154 homes for sale in May 2024, a 0.6% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 4236
-14.3%
4 5857
-1.7%
5+ 5057
+14.0%

Summary: The Watkinsville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 14%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3157+83.9%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watkinsville, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 57 homes were sold or pending in Watkinsville in May 2024, up by 83.9% month-over-month. Of the 53 sold homes, 47% were sold under asking, 28% were sold at asking, and 25% were sold over asking.

Days on Market for Watkinsville, GA

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

Average Sale Time

May 2023May 2024CHANGE
45 Days35 Days-20.7%

Summary: Homes in Watkinsville had an average of 35 days on market in May 2024, down by 20.7% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 57 homes were sold in Watkinsville; 54% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 9% 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 12 Days Ago

Newest Listings in Watkinsville, GA

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