Home Sales in Byron Georgia 31008
March 2018 Market Report
After a slow start to the year, home sales in Byron GA have slowly been rebounding. In fact, this is the third straight month of increased sales. However, with only 1+ month of inventory available, new homes are needed on the market now. Otherwise this market could once again go cold. Hear that homeowners…It is a smart time to get your home lots of consumer attention right now in Byron GA!
There were 29 home sales in Byron GA last month. This represents the third highest total in the past 12 months. For comparison, there were only 21 home closings during this time-frame last year. Additionally, the 12-month average is 25 sales per month so this past month tracked favorably with the overall market condition.
Currently, there are only 26 pending sales (up 3 over the previous month), which is an indicator that new listings are desperately needed. With only 42 properties available (up 3 over the previous month), there is no better time to get your home listed, seen, and closed in Byron GA.
Let’s go ahead and peel things back to take a closer look and see what the home sales in Byron GA looked like last month!
Byron Georgia Homes Sales
With 29 homes sales in Byron GA last month, the slight uptick in temperatures made an impact as buyers and investors found homes they wanted to purchase. Buyers…you need to be ready to make a legitimate offer when you find a home in Byron GA you want, as others are actively looking too. Any delay could cost you an opportunity to buy the property.
The average number of days on market for home sales in Byron Georgia this past month was solid, coming in at 34 days (from listing to closing). That is 2 days off the previous month but a 13 day improvement over the 12-month average of 47 days. For comparisons, it was 30 days better than the same time-frame last year (64 days).
The average sales price came in at $164K+ which was $22K more than the previous month, and $10K over the same time-frame last year. The annual average is $153K+. 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 98.58% last month. That was slightly better than the 12-month average of 98.36. 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 only 1+ month of available inventory (42 homes) 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: $164,673
- Median Sales Price: $159,530
- Number of Monthly Sales: 29
- Number of Distressed Sales: 2
- Average Days-On-Market, Sold Homes: 34
- Average Sales Price /List Price Ratio: 98.58%
- Highest Priced Sale: $251,400
- Lowest Priced Sale: $38,000
- Highest Priced Listing: $349,900
- Lowest Priced Listing: $34,900
- Largest Home on the Market: 3,602 sq ft
- Smallest Home on the Market: 1,186 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 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.
Sorry we are experiencing system issues. Please try again.