Home Sales in Byron Georgia 31008
August 2021 Byron Market Report
Home sales in Byron GA went up slightly despite a severe shortage in inventory. When consumers found their dream home they quickly got it contracted and on its way to closing. This past month may be an anomaly, time will tell. With a shortage of inventory, it is hard to see this market picking up the pace this year.
With limited houses on the Byron GA real estate market right now (less than a month of available homes) fresh inventory is needed now to keep the pipeline from drying up. Do you hear that homeowners…putting your house up for sale now will give it every opportunity to attract attention and get it sold as quickly as possible in Byron GA!
There were 14 home sales in Byron GA last month. The previous month had 12 sales. For comparison, there were 13 home closings during this time-frame last year. Additionally, the 12-month average is 12 sales per month.
With just 7 pending sales, it looks like the Byron real estate market should see a slight decrease in sales next month. There are currently 7 houses available (Houston County). There is no better time to get your home listed, seen, and closed in Byron GA.
Let’s go ahead and take a deeper look and see what the home sales in Byron Georgia looked like last month!
Byron Georgia Homes Sales
With 14 Byron Georgia homes sales last month, it appears this market is not quite ready to take off. There is such a shortage of inventory right now that nearly every home is selling within days, which is great for sellers but not ideal for new buyers. It is worth nothing that when you find a house that meets your needs, you need to be ready to make a decent offer as others are actively looking too. Any delay could cost you an opportunity to buy the house.
The average number of days on market for home sales in Byron Georgia this past month was 21 days (from listing to contracted). That is 6 days slower than the annual average (15 days). For comparisons, it took homes in Byron 38 days to sell during the same timeframe last year.
The average sales price came in at $204K+. The previous month was $195K+. During the same time-frame last year the average sales price of Byron GA home sales was $193K+. The annual average is $190K+. 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 outstanding, coming in at 101.27% last month. The 12-month average is 100.53%. 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 Byron GA Real Estate Agent 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 under 1 month of available inventory to pick from. To review the home sales in Byron GA last month as well as other closing information, check out the following statistics:
- Average Sales Price: $204,003
- Median Sales Price: $206,000
- Number of Monthly Sales: 14
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 21
- Average Sales Price /List Price Ratio: 101.27%
- Highest Priced Sale: $149,774
- Lowest Priced Sale: $130,001
- Highest Priced Listing: $324,900
- Lowest Priced Listing: $175,000
- Largest Home on the Market: 2,269 sq ft
- Smallest Home on the Market: 1,551 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. ~ Anita ~
Review the Home Sales in Byron GA 31008
Statistics represent single family homes and townhouses in Byron GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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