$1,841 Closing Credit*
$155,000
1 Bed
•1 Full Bath
Cory Reck, Listing Office: Metro West Realty Group LLC
Is Hiawassee, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Hiawassee was a Seller's Market.
Key Takeaway
Hiawassee is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hiawassee, GA
How much do homes in Hiawassee, GA cost?
Median Sold Price
$411,750
$244/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$42,250(+11.4%)
Key Takeaway
Homes in Hiawassee have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Hiawassee was $411,750 in October 2024, up 11.4% from last year, and the median price per square foot was $244.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182K | $161K | -11.5% |
| 2 Bedrooms | $277.5K | $254K | -8.5% |
| 3 Bedrooms | $380K | $439K | +15.5% |
| 4 Bedrooms | $545K | $595K | +9.2% |
| 5+ Bedrooms | $925K | $2.3M | +156.7% |
Summary: Hiawassee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.5%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 9.2%, and 5+ bedroom homes increased by 156.7%.
Housing Supply in Hiawassee, GA
How many homes are available in Hiawassee, GA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 192 | 215 | +12.0% |
Summary: The Hiawassee real estate market had 215 homes for sale in October 2024, a 12.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 58 | 57 | -1.7% |
| 3 Bedrooms | 79 | 96 | +21.5% |
| 4 Bedrooms | 43 | 48 | +11.6% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Hiawassee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 21.5%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 14 | 7 | -50.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hiawassee, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Hiawassee in October 2024, down by 50.0% month-over-month. Of the 7 sold homes, 86% were sold under asking, 0% were sold at asking, and 14% were sold over asking.
Days on Market for Hiawassee, GA
How long does it take to sell a home in Hiawassee, GA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 56 Days | -30.7% |
Summary: Homes in Hiawassee had an average of 56 days on market in Oct 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hiawassee has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Hiawassee; 29% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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