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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hartwell is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Hartwell, GA

How much do homes in Hartwell, GA cost?

Median Sold Price

$296,000

$177/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$1,000(+0.3%)

Key Takeaway

The sold price of homes in Hartwell has remained the same since last year.

Summary: The median home sold price in Hartwell was $296,000 in May 2024, up 0.3% from last year, and the median price per square foot was $177.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $621K-
N/A
2 $137K$195K
+42.3%
3 $269.6K$261.9K
-2.9%
4 $316.9K$504K
+59.0%
5+ $850K$1.1M
+38.2%

Summary: Hartwell housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 42.3%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes increased by 59%, and 5+ bedroom homes increased by 38.2%.

Median Sold Price Compared To Nearby Cities

Reed Creek
+25.7%
Hartwell
0.3%

Housing Supply in Hartwell, GA

How many homes are available in Hartwell, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
148159+7.4%

Summary: The Hartwell real estate market had 159 homes for sale in May 2024, a 7.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1717
0.0%
3 6775
+11.9%
4 4343
0.0%
5+ 2124
+14.3%

Summary: The Hartwell 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 remained the same, 3 bedroom homes increased by 11.9%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2515-40.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hartwell, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Hartwell in May 2024, down by 40.0% month-over-month. Of the 13 sold homes, 54% were sold under asking, 38% were sold at asking, and 8% were sold over asking.

Days on Market for Hartwell, GA

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

Average Sale Time

May 2023May 2024CHANGE
54 Days38 Days-28.6%

Summary: Homes in Hartwell had an average of 38 days on market in May 2024, down by 28.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 15 homes were sold in Hartwell; 60% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 13% 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 1 Day Ago

Newest Listings in Hartwell, GA

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