What are Warner Robins GA Homes Worth in October 2016?
This past month the real estate market in Warner Robins was full of surprises as the number of available properties rose 13%. That is significant in this sellers market! If you have been wondering what are Warner Robins homes worth in October 2016, or want to know the general market conditions, you are in the right place.
Currently, this real estate market favors sellers with 5 months of available inventory for consumers to choose from. With 334 homes to pick from (up 43 over the previous month), buyers and investors need to act promptly when they find a home they like in the Warner Robins real estate market.
Let’s jump right in and see exactly what are Warner Robins homes worth in October 2016!
Home Sales in Warner Robins GA
Sellers still have the upper hand but the increase in new inventory this past month has gotten one step closer to a balanced market. As is always the case, sellers need to ensure their property is show ready at all times and market priced to ensure new buyer interest is piqued.
The 74 closings this past month was the fifth lowest total in the past year. The 12-month average number of home sales in Warner Robins is 84 closings. Buyers are out there so sellers need to step-up their game if they want to go from listed to sold in Warner Robins right now.
With 76 pending sales (up 36 over the previous month), this market is looks poised to have a solid end of year real estate push. This past month the average sales price came in over $160K, up over the 12-month average ($143K), and up $18K from the same time-frame last year too. The number could have been a little better had it not been for the 2 distressed sales last month, dropping the average prices slightly.
The number of days-on-market for sold homes was 53 days which was an improvement over the 12-month average (72 days). When market priced, homes typically move at a reasonable pace in this community. The sales price to list price ratio was 97.63%, coming in slighter better than the 12-month average (97.58%).
How can both buyers and sellers gain an advantage in the Warner Robins GA Real Estate market? Employ the services of a local Warner Robins Real Estate Expert who understands this local real estate market.
Warner Robins Real Estate Market Summary
Currently, the Warner Robins real estate market favors sellers (5 months of available inventory (334 homes)). Below is a snapshot to help you understand what are Warner Robins homes worth in October 2016. The averages and totals for the Warner Robins GA real estate market are as follows:
- Average Sales Price: $160,037
- Median Sales Price: $138,250
- Number of Total Monthly Sales: 74
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 53
- Average SP/LP Ratio: 97.63%
- Highest Priced Sale: $475,920
- Lowest Priced Sale: $17,500
- Highest Priced Listing: $515,000
- Lowest Priced Listing: $15,000
- Largest Home on the Market: 7,246 sq ft
- Smallest Home on the Market: 768 sq ft
If you would like to review last month’s information, check out the Warner Robins GA Real Estate Report for September 2016. With plenty of available properties to choose from, you can definitely find what you need in this market. Happy home searching!
Find Warner Robins GA Homes for Sale
For a complete list of available real estate in Warner Robins GA, check out the Available Warner Robins Homes. In addition, subscribe to my real estate newsletter so you do not miss out on another Warner Robins home deal!
Call me at (478) 960-8055 to find out what your Warner Robins GA home is worth in this market or so we can discuss your housing needs. I look forward to talking with you and assisting with your real estate needs.
So…What Are Warner Robins Homes Worth In October 2016?
Statistics represent single family homes and townhouses in Warner Robins GA (Source: CGMLS) for the referenced month. Information (as of the posting date) is deemed reliable, but not guaranteed.
The data related to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of Central Georgia MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.