Is Watkinsville, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $935K | $685K | -26.7% |
| 2 Bedrooms | $325K | $330K | +1.5% |
| 3 Bedrooms | $375K | $385K | +2.7% |
| 4 Bedrooms | $485K | $527.5K | +8.8% |
| 5+ Bedrooms | $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 2024 | May 2024 | CHANGE |
|---|---|---|
| 155 | 154 | -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
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 42 | 36 | -14.3% |
| 4 Bedrooms | 58 | 57 | -1.7% |
| 5+ Bedrooms | 50 | 57 | +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 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 | 57 | +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
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 2023 | May 2024 | CHANGE |
|---|---|---|
| 45 Days | 35 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
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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. 
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.