2017 Oakhurst Real Estate Market Report

Oakhurst real estate market report 2017

Wondering how the Oakhurst real estate market is doing?  Are home values still on the rise?  Is this still a good time to sell or buy a home in Oakhurst?  Find out below in the latest edition of our Oakhurst Decatur home sales update!

HOME SALES

A total of 70 homes sold in Oakhurst in 2017.  This is down about 10% from 2016, as inventory levels are still very low in this hot, hot City of Decatur neighborhood.   One key factor that is driving home sales is new construction.   12% of the Oakhurst homes sold were newly built.

HOME PRICES

Thankfully one good thing did come out of having fewer home sales — it drove the average sales price up!.  In 2017, the average sales price was $665,000 – a $25,000 increase from the previous year.  We’ve seen larger spikes over the last 5 years, but even though home pricing may be leveling out, this is still a very strong real estate market.

* Oakhurst home prices ranged from $348,000 to $1,260,000 in 2017

* The median sales price was $622,500

* 12% of the homes sold were new construction

See all the Oakhurst homes that sold at the bottom of this report!

ARE BUYERS STILL PAYING TOP DOLLAR IN OAKHURST?

Yessir!  The average listing price to final sales price percentage was 98.2%, so buyers are only negotiating 1.8% off the asking price, on average. If you are thinking of buying a home in Oakhurst in the near future, please note that most of the homes that are $600K and under are selling very, very close to the asking price and in some cases, well OVER the asking price.  Make sure you and your Oakhurst real estate agent do your pricing research and offer accordingly!

Almost 40% of the Oakhurst homes sold at or over the full asking price!

HOW FAST ARE HOMES SELLING?

The resale homes (vs new construction) are selling quickly.  About 40% sold in less than 2 weeks. The median number of days it took to sell a home was 27 days.

Homes Sold in Oakhurst

From 1/1/2017 to 12/31/2017

  ADDRESS BEDS BATHS BUILT LIST SOLD
1010 Adams St 5 5 2017 $1,295,000 $1,260,000
527 Mckoy Ave 6 4.5 2016 $1,050,000 $1,150,000
128 Benson St 5 4.5 2009 $1,095,000 $1,040,000
826 Mcdonough St 6 5 1945 $999,900 $980,000
125 Hood Cir 6 5 2016 $1,090,000 $963,000
144 Candler Dr 6 5 2014 $965,000 $955,000
161 Hood Cir 5 4 2015 $989,900 $915,000
323 Madison Ave 5 4 2017 $899,900 $899,900
515 2nd Ave 4 5 2016 $899,900 $899,900
477 Chevelle Ln 5 5 2017 $850,000 $887,000
401 Ansley St 5 4.5 2013 $959,900 $885,000
624 2nd Ave 5 4 2017 $899,900 $875,000
112 Spring St 4 3.5 2017 $849,900 $850,000
936 Mcdonough St 5 4 2016 $849,000 $850,000
204 Cambridge Ave 4 3 1930 $845,000 $840,000
822 McDonough St 5 4 2016 $898,000 $839,000
208 Kings Highway 5 3 1914 $825,000 $836,000
239 Hill St 3 2.5 1920 $825,000 $825,000
512 3rd Ave 4 3.5 2006 $850,000 $820,000
326 2nd Ave 5 4 2017 $824,900 $817,500
131 Jefferson 3 2.5 1900 $774,444 $775,000
224 2nd Ave 4 3 1924 $750,000 $760,000
176 Olympic 4 3 1915 $774,900 $755,000
443 E Lake Dr 5 3 1924 $739,000 $745,000
631 E Lake Dr 5 4.5 1925 $780,000 $735,000
309 Leyden St 5 4 1946 $759,900 $724,900
221 Fayetteville Rd 4 2.5 2007 $735,000 $710,000
217 Underwood 4 3.5 2016 $739,000 $705,000
157 Hood Circle 5 4 2017 $799,900 $700,000
198 Feld Ave 5 3 1930 $639,900 $700,000
232 Sterling St 4 3.5 2000 $715,000 $690,000
927 3rd Ave 3 2.5 2007 $669,000 $669,000
260 East Lake Dr 5 2.5 1920 $649,000 $649,000
604 2nd Ave 3 2.5 2005 $660,000 $630,000
164 Olympic 3 2 1930 $625,000 $625,000
197 Feld Ave 5 3 1930 $674,900 $620,000
119 Madison Ave 4 2 1910 $639,000 $615,000
530 Mckoy St 3 2 1951 $650,000 $610,000
102 Lenore 3 2.5 2012 $625,000 $600,000
111 2nd Ave 4 2 1925 $600,000 $600,000
137 Hill St 3 2 1997 $587,500 $587,500
133 Hill St 3 2 1925 $599,900 $586,015
144 Jefferson Pl 3 2 1912 $575,000 $585,000
323 East Lake 3 2 1926 $569,900 $576,500
108 Spring St 4 3 1925 $599,000 $575,000
223 Jefferson Pl 4 2 1919 $579,900 $570,000
298 Cambridge 3 2.5 2005 $599,900 $566,500
155 Jefferson Pl 3 1.5 1915 $579,000 $555,000
620 3rd Ave 3 3 1920 $559,000 $547,140
504 Pharr Rd 3 2 1905 $579,000 $535,000
107 Hood Cir 3 2 1989 $519,900 $522,000
219 Madison Ave 3 2.5 2002 $500,000 $520,000
131 Benson St 3 2 1933 $539,900 $517,000
124 Cambridge 3 2 1925 $514,900 $510,000
231 Madison Ave 3 2.5 2004 $489,000 $503,000
1010 Mcdonough 3 2 1941 $515,000 $500,000
315 Benson 3 2 1920 $469,900 $468,400
611 Mcdonough St 3 1 1927 $465,000 $449,900
323 2nd Ave 3 2 1955 $499,900 $449,900
308 Greenwood Ave 3 1.5 1947 $449,000 $438,000
319 Fayetteville Rd 2 2 1925 $435,000 $434,250
734 Oakview Rd 3 2.5 2002 $424,900 $424,900
261 Madison Ave 3 1 1939 $443,000 $416,000
102 Greenwood Pl 3 2 1920 $425,000 $410,000
506 East Lake Dr 2 1 1940 $450,000 $405,000
144 Madison Ave 4 2 1910 $375,000 $399,550
523 East Lake Dr 3 1 1940 $359,000 $395,000
129 Mcclean St 3 1 1945 $375,000 $387,500
227 Kings Hwy 3 1 1925 $389,000 $379,000
150 Mcclean St 3 2 1946 $325,000 $348,000

Please note:  This data used in Oakhurst real estate market and home sales stats report were extracted from the Atlanta FMLS on Januar 18, 2018 and interpreted by Kerry Lucasse with eXp Realty.  If you’re curious about your home’s value, click here for a complimentary report.

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Current Oakhurst Real Estate Listings

$525,000
Single Family Home For Sale
Pending
3
BED
3
TOTAL BATHS
2,300
SQFT
228 Evans Drive
Decatur, GA 30030
Oakhurst Subdivision
$525,000
Single Family Home For Sale
Pending
5
BED
3
TOTAL BATHS
2,778
SQFT
232 Evans Drive
Decatur, GA 30030
Oakhurst Subdivision
$1,299,000
Single Family Home For Sale
Active
6
BED
6
TOTAL BATHS
4,083
SQFT
149 Mcclean Street
Decatur, GA 30030
Oakhurst Subdivision
New Listing - 2 weeks online
$1,299,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
4,128
SQFT
221 W Benson Street
Decatur, GA 30030
Oakhurst Subdivision
New Listing - 2 weeks online
$1,250,000
Single Family Home For Sale
Active
6
BED
5
TOTAL BATHS
4,554
SQFT
714 East Lake Drive
Decatur, GA 30030
Oakhurst Subdivision
New Listing - 4 days online
$1,025,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,466
SQFT
315 Madison Avenue
Decatur, GA 30030
Oakhurst Subdivision
$975,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,200
SQFT
414 Fayetteville Road
Decatur, GA 30030
Oakhurst Subdivision
$850,000
Single Family Home For Sale
Pending
5
BED
4
TOTAL BATHS
3,164
SQFT
619 2nd Avenue
Decatur, GA 30030
Oakhurst Subdivision

 

Brought to you by the Urban Nest Atlanta Group at eXp Realty

404-205-8800

Your Oakhurst real estate market specialists… and neighbors!

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