Home Sales in Byron Georgia 31008
February 2018 Market Report
After hitting what is hopefully rock bottom last month, the home sales in Byron GA jumped up considerably this past month. However, with just 1+ month of inventory available, sales could once again stagnate if new homes do not hit the market soon. Hear that homeowners…It is a great time to get your home lots of buyer attention right now in Byron GA!
There were 25 home sales in Byron GA last month. This represents the 6th highest total in the past 12 months. For comparison, there were only 14 home closings during this time-frame last year. Additionally, the 12-month average is 24 sales per month so this past month tracked favorably with the overall market condition.
Currently, there are only 23 pending sales (up 4 over the previous month), which is an indicator that new listings are desperately needed. With just 39 properties available (up 1 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 25 homes sales in Byron GA last month, the slight uptick in temperatures made an impact as buyers and investors came out of hibernation to find homes they wanted. 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 as well, and 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 32 days (from listing to closing). That is 4 days faster than the previous month and 17 days better than the 12-month average of 49 days. For comparisons, it was a 34 day improvement over the same time-frame last year (66 days).
The average sales price came in at $142K+ which was $2K more than the previous month, but $26K less than the same time-frame last year. The annual average of $124K+. 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 a bit disappointing, coming in at 97.67% last month. That was slightly worse 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 (39 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: $142,636
- Median Sales Price: $153,184
- Number of Monthly Sales: 25
- Number of Distressed Sales: 5
- Average Days-On-Market, Sold Homes: 32
- Average Sales Price /List Price Ratio: 97.67%
- Highest Priced Sale: $320,000
- Lowest Priced Sale: $23,750
- Highest Priced Listing: $354,500
- Lowest Priced Listing: $34,900
- Largest Home on the Market: 3,546 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.
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