Is Sautee Nacoochee, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sautee Nacoochee is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Sautee Nacoochee, GA

How much do homes in Sautee Nacoochee, GA cost?

Median Sold Price

$400,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$21,000(+5.5%)

Key Takeaway

Homes in Sautee Nacoochee have sold for 5.5% more than they did a year ago.

Summary: The median home sold price in Sautee Nacoochee was $400,000 in October 2024, up 5.5% from last year, and the median price per square foot was $205.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $217.5K$289.5K
+33.1%
2 $265.7K$321.3K
+20.9%
3 $367.4K$398K
+8.3%
4 $445.5K$473.4K
+6.3%
5+ $447K$475.9K
+6.5%

Summary: Sautee Nacoochee housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 6.5%.

Median Sold Price Compared To Nearby Cities

Macedonia
+10.4%
Helen
+9.6%
Sautee Nacoochee
+5.5%

Housing Supply in Sautee Nacoochee, GA

How many homes are available in Sautee Nacoochee, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4652+13.0%

Summary: The Sautee Nacoochee real estate market had 52 homes for sale in October 2024, a 13.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 913
+44.4%
3 2627
+3.8%
4 78
+14.3%
5+ 10
-100.0%

Summary: The Sautee Nacoochee housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
106-40.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sautee Nacoochee, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Sautee Nacoochee in October 2024, down by 40.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Sautee Nacoochee, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
20 Days82 Days+297.6%

Summary: Homes in Sautee Nacoochee had an average of 82 days on market in Oct 2024, up by 297.6% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Sautee Nacoochee are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Sautee Nacoochee; 17% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 50% 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 20 Days Ago

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