Is Watkinsville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Watkinsville has remained a Seller's Market.
Housing Prices in Watkinsville, GA
How much do homes in Watkinsville, GA cost?
Median Sold Price
$490,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Watkinsville was $490,000 in March 2024, up 3.8% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $935K | $685K | -26.7% |
2 Bedrooms | $288K | $413K | +43.4% |
3 Bedrooms | $365K | $385K | +5.5% |
4 Bedrooms | $502.5K | $532.5K | +6.0% |
5+ Bedrooms | $715K | $733K | +2.5% |
Summary: Watkinsville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.7%, 2 bedroom homes increased by 43.4%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 2.5%.
Housing Supply in Watkinsville, GA
How many homes are available in Watkinsville, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 143 | +23.3% |
Summary: The Watkinsville real estate market had 143 homes for sale in March 2024, a 23.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 4 | -33.3% |
3 Bedrooms | 35 | 37 | +5.7% |
4 Bedrooms | 38 | 57 | +50.0% |
5+ Bedrooms | 37 | 44 | +18.9% |
Summary: The Watkinsville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 18.9%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 26 | +23.8% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Watkinsville in March 2024, up by 23.8% month-over-month. Of the 24 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
46 Days | 59 Days | +26.4% |
Summary: Homes in Watkinsville had an average of 59 days on market in Mar 2024, up by 26.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Watkinsville; 69% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.