Home Sales in Byron GA 31008
October 2017 Market Analysis
Despite very little inventory, home sales in Byron Georgia went up this past month. If this market is going to stay strong, existing homeowners need to enter the market quickly. With only 1+ month of available houses for consumers to check out, it will not take them long to review all the homes they can pick from.
The good news is there were 28 Byron GA real estate sales in October. This represents the 3rd highest total in the past 12 months. For comparison, there were 24 sales during this time-frame last year. As a point of reference, the 12-month average is 22 sales per month.
There are currently only 12 pending sales (down 11 from the previous month), which is an indicator that consumers may start moving on to other parts of Houston County if they do not see new houses soon. With 42 homes available (up 7 over the previous month), there is no better time to get your home listed, seen, and sold in Byron GA.
Let’s go ahead and take a closer look to see what the home sales in Byron Georgia in October 2017 looked like!
Byron Georgia Homes Sales
With 28 homes sales in Byron Georgia in October 2017, it appears this market has gained fresh life as the holidays approach. A good piece of advice for real estate buyers and investors is to be ready to make a legitimate offer when you find a home in Byron GA you want, as others are actively looking as well, and any delay could cost you an opportunity to buy the home.
The average number of days on market for home sales in Byron Georgia this past month was very good, coming in at only 34 days (from listing to closing). That is 15 days better than the previous month and 27 days better than the 12-month average of 61 days. As good as it was, it was still 10 days more than the same time-frame last year (24 days).
The average sales price came in at $163K which was $38K more than the previous month, the same as this time-frame last year, and $11K above the annual average of $152K. As a reminder, houses in every price points have a good opportunity to sell in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) was decent, coming in at 98.74% last month. The 12-month average is 98.31. When consumers find a property that fits their needs, they are making legitimate offers, giving sellers every reason to negotiate in good faith to come to an agreement on the house. What buyers and investors are not doing is overpaying in this market right now, despite the shortage of inventory.
How can both buyers and sellers gain an advantage in the current Byron GA Real Estate market? Employ the services of a local Top Byron Realtor® who understands all of the ups-and-downs and twists and turns of this market.
Byron GA Real Estate Market
Currently, the Byron GA real estate market favors sellers with slightly more than 1 month of available inventory (42 homes) to pick from. To review the home sales in Byron Georgia in October 2017 as well as other closing information, check out the following statistics:
- Average Sales Price: $163,117
- Median Sales Price: $143,700
- Number of Monthly Sales: 28
- Number of Distressed Sales: 1
- Average Days-On-Market, Sold Homes: 34
- Average Sales Price /List Price Ratio: 98.74%
- Highest Priced Sale: $275,000
- Lowest Priced Sale: $85,050
- Highest Priced Listing: $364,999
- Lowest Priced Listing: $95,000
- Largest Home on the Market: 3,925 sq ft
- Smallest Home on the Market: 1,260 sq ft
This is a good real estate market to be part of for buyers, investors, and sellers. Do not delay or you may miss out on the home of your dreams in Byron GA!
Find Byron GA Homes for Sale
For a complete list of the available real estate in Byron GA and all of Houston County, search all the available Byron GA houses for sale. As always, subscribe to my newsletter so you do not miss out on any Byron home deals!
Call me at (478) 960-8055 to find out what your Byron GA home is worth or so we can discuss your housing needs. I know this market incredibly well and can assist with all your residential real estate needs in this market.
Review the Home Sales in Byron Georgia
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
Sorry we are experiencing system issues. Please try again.