2015 Oakhurst GA Real Estate Market Report

Home prices and real estate in Oakhurst Decatur, GA 30030Brought to you by the Nest Atlanta Real Estate Group :: 404-205-8800

It was another record-breaking year for Oakhurst GA real estate… and we are thrilled to be able to share some A-MAZING home sales stats for our beloved Oakhurst community.  Please enjoy the 2015 Oakhurst Market Report….

  • HOMES SOLD – Last year a total of 86 homes sold in the City of Decatur’s Oakhurst neighborhood.  This is right on par with the last few years. Because Oakhurst is in such high demand and current residents love their neighborhood, inventory levels remain very low.
  • HOME PRICES – In 2015, the average Oakhurst single family home sales price skyrocketed to $594,359 — that’s about $60,000 higher than last year (11%) and a whopping $250,000 higher than in 2008.  The dramatic rise in the average home price is partially due to all the new construction homes that typically start at $750,000.  For those of you that own an traditional 1920s Oakhurst bungalow, your home values are still up at least 25% from the bottom of the market.
    • Oakhurst home prices ranged from $277,000 to $1,075,000 in 2015
    • The median sales price was $597,450
    • New construction (or newer construction) housing is starting to become a big player Oakhurst GA real estate market  — over 30% of the homes sold were built in the last 7 years
    • Three $1,000,000+ homes sold in Oakhurst this year!
  • LIST PRICE VERSUS SALES PRICE – Multiple offers are still commonplace and potential buyers aren’t afraid to offer full price or over the asking price if necessary.  On average, Oakhurst homes sold at 97.3% of the asking price, but about one in four (24.4%) sold at or OVER the asking price!  That is slightly down from 2014 when about one in three sold at or over asking price, but that is to be expected as the real estate market starts to become a bit more balanced.
  • HOW FAST ARE HOMES SELLING?  The Oakhurst bungalows are still flying off the shelves, while the new construction homes tend to take a bit longer, as they are usually listed before construction has been completed.  On average, homes are selling in 37 days.  The median number of days on the market is only 20 and that is probably a more accurate reflection of what is happening in the Oakhurst market. Almost 40% of the homes sold in two weeks or less and 64% sold in less than a month.

Home Sales in Oakhurst

01/01/2015 – 12/31/2015 ::  View all the current homes for sale in Oakhurst

Address Beds Baths Built Sold Price
Maxwell Street 6 6 2015 $1,075,000
Maxwell Street 6 6 2014 $1,049,000
W Benson Street 5 4 1928 $1,030,000
4xx Ansley Street 6 5.5 2015 $962,600
7xx McKoy Street 6 5 2006 $915,500
1xx W Hill Street 5 4 2015 $899,900
1xx McClean Street 4 3 2015 $887,250
1xx Hood Circle 5 4 2015 $887,000
East Lake Drive 6 4.5 2015 $885,000
Olympic Place 5 4.5 2001 $875,000
2xx Madison Avenue 5 4.5 2008 $865,000
4xx 3rd Avenue 6 4 1927 $840,000
2nd Avenue 5 5 2014 $840,000
W Hill Street 5 4 2012 $825,000
Greenwood Ave 5 4 2010 $810,000
139 Hood Circle 4 3 2011 $807,000
Madison Avenue 4 3.5 2015 $800,860
East Lake Drive 5 3.5 1925 $772,500
219 2nd Avenue 4 2.5 1925 $765,000
123 1st Avenue 6 3 2015 $760,000
515 E Lake Drive 4 3 2007 $755,000
104 E Pharr Road 5 3 1941 $738,000
Madison Avenue 4 3 2015 $732,500
S McDonough St 4 4 2014 $729,900
545 Mckoy Street 5 4 1945 $725,000
234 Winter Avenue 4 3 2015 $725,000
1421 Oakview Road 5 4.5 2007 $720,000
Garland Avenue 5 3 1946 $712,500
841 East Lake Drive 5 3 2014 $710,000
W Pharr Road 5 4 2013 $710,000
224 Sterling Street 4 3 2009 $685,000
901 3rd Avenue 3 3.5 2006 $675,000
151 Olympic Place 4 3.5 2001 $670,000
503 W Pharr Road 4 3.5 2002 $665,000
226 W Benson Street 4 3 1929 $655,000
310 E Lake Drive 4 3 2015 $654,500
134 Cambridge Avenue 4 3 1930 $645,000
125 Madison Avenue 4 2 1910 $645,000
114 Lenore Place 4 3.5 2015 $625,000
724 E Lake Drive 3 3 1925 $620,000
106 Lenore Place 4 3.5 2015 $615,000
133 Madison Avenue 4 3 1920 $600,000
180 Olympic Place 5 3 1920 $599,900
316 East Lake Drive 4 3.5 2014 $595,000
140 Feld Avenue 4 2.5 1920 $566,000
1×1 Greenwood Place 3 1.5 1920 $540,000
1×8 W Hill Street 4 3 1945 $537,000
1×3 Greenwood Place 3 2 1925 $530,000
1×3 Feld Avenue 3 2 1925 $525,000
9×7 S McDonough St 4 3 1949 $525,000
2×7 Cambridge Avenue 3 2 1925 $501,000
E Pharr Road 4 2 1947 $500,000
229 W Pharr Road 3 2.5 2004 $485,000
2×2 Jefferson Place 3 2.5 2001 $484,000
Jefferson Place 3 1.5 1905 $483,000
Johnston Place 3 3 1920 $481,000
W Benson Street 3 2.5 1920 $474,000
121 Brower Street 4 2.5 1956 $470,000
8×6 3rd Avenue 3 2 1925 $465,450
124 Cambridge Avenue 3 2 1925 $455,000
9×0 E Lake Drive 3 2 1943 $453,000
5xx McKoy Street 3 2 1947 $440,000
2×0 Madison Avenue 5 2 1929 $420,000
3×8 E Pharr Road 4 2 1947 $410,000
3×3 Ansley Street 2 2 1925 $395,000
1×5 Cambridge Avenue 3 2 1925 $392,000
5×8 McKoy Street 4 2 1948 $392,000
1×7 N Fourth Avenue 3 2 1929 $387,075
Spring Street 2 1 1930 $385,000
Spring Street 2 1 1922 $379,000
2xx Maxwell Street 3 1 1970 $370,000
Cambridge Avenue 3 1 1930 $364,200
6×9 2nd Avenue 2 2 1935 $355,000
Greenwood Avenue 2 2 1927 $354,000
3rd Avenue 3 1 1927 $350,000
2ND Avenue 2 1 1939 $345,000
Oakview Road 2 2 1935 $330,000
5×6 Mckoy Street 3 1 1951 $329,500
1×6 Garland Avenue 3 1 1950 $325,000
McClean Street 2 1 1945 $321,500
Maxwell Street 3 1 1938 $320,000
Ansley Street 2 1 1922 $315,250
618 Adams Street 2 1 1930 $315,000
Hood Circle 2 1 1940 $310,000
264 E Lake Drive 2 1 1948 $300,000
East Lake Drive 3 2 1920 $277,000

All Oakhurst home sales data was extracted from FMLS by Kerry Lucasse on January 22, 2016.  Information deemed reliable but is subject to change. If you would like a complete list of all the homes that sold in Oakhurst (including full addresses and property photos), please contact us below and we would be happy to email you the information.

 

More Neighborhood Real Estate Reports:

Kirkwood 2015 Home Sales 

Virginia Highland Real Estate Update for 2015

Grant Park Market Update for 2015

Oakhurst GA Real Estate Report (3Q 2015)

All Market Reports

 

Have questions about the Oakhurst real estate market and current home values?  Call Kerry Lucasse and the Nest Atlanta Real Estate Group anytime.  We’d be happy to help!  404-432-1844