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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Watkinsville is a neutral's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

Watkinsville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Watkinsville, GA

How much do homes in Watkinsville, GA cost?

Median Sold Price

$513,333

$216/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$20,000(+4.1%)

Key Takeaway

Homes in Watkinsville have sold for 4.1% more than they did a year ago.

Summary: The median home sold price in Watkinsville was $513,333 in October 2024, up 4.1% from last year, and the median price per square foot was $216.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $725K$875.4K
+20.8%
2 $320K$349.5K
+9.2%
3 $379K$399K
+5.3%
4 $546.7K$535K
-2.1%
5+ $768.8K$733K
-4.7%

Summary: Watkinsville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 4.7%.

Housing Supply in Watkinsville, GA

How many homes are available in Watkinsville, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1561560.0%

Summary: The Watkinsville real estate market had 156 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 54
-20.0%
3 5956
-5.1%
4 4653
+15.2%
5+ 4542
-6.7%

Summary: The Watkinsville 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 20%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2023+15.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Watkinsville, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Watkinsville in October 2024, up by 15.0% month-over-month. Of the 23 sold homes, 52% were sold under asking, 26% were sold at asking, and 22% 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

Oct 2023Oct 2024CHANGE
43 Days54 Days+25.3%

Summary: Homes in Watkinsville had an average of 54 days on market in Oct 2024, up by 25.3% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 23 homes were sold in Watkinsville; 61% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 26% 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 16 Days Ago

Newest Listings in Watkinsville, GA

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