Home Sales in Centerville Georgia 31028
October 2018 Market Report
The shortage of inventory finally caught up with this city as home sales in Centerville GA dropped after experiencing decent numbers for the past several months. New inventory would really help this market right now! Hear that homeowners….get your home listed and potentially sold in this community at the moment. Stay turned for the latest news about Centerville GA home sales and this market in general in this detailed real estate overview.
This is the smallest real estate market in Houston County so do not be alarmed if you see wide arcs in the statistics from month to month. The real estate market in Centerville GA saw 7 closings last month. That is the 3 less than the previous and 1 less than the 12-month average. It is also 7 below the same time-frame last year.
With 7 pending sales in this city (down 1 from the previous month), it is definitely time for fresh inventory to hit this market. With 23 houses for buyers and investors to choose from (up 6 over the previous month), there is still optimism consumers will find what they seek. As always in smaller markets, if buyers find a property they like, they must act fast or risk losing the home to a more aggressive buyer.
Let’s take closer look at what the home sales in Centerville GA looked like this past month! Check out all the details below.
Centerville Georgia Homes Sales
With 7 home sales in Centerville GA last month, this market is ready for an increase in new inventory. Hear that sellers! New inventory would really give this market a big boost now that autumn is here. The monthly average number of home sales is 8 closings in this community. To keep sales going strong, sellers must make sure they listen to their real estate agent and market price their home. If they do not have an offer in the first 3 weeks, they may need to consider adjusting the price of their home.
The average days on market for home sales in Centerville Georgia this past month was 50 days (from listing to closing). That is 8 days faster than the 12-month average (58 days) and 80 days quicker than the previous month (130). For comparison, it took homes 44 days to close (on average) during this time-frame last year.
The average sales price this past month was $180K+ which was $15K less than the previous month. However, it is $17K better than the 12-month average. Byron homes for sale have a decent opportunity to be seen and sold in this market right now, especially if they are market priced and well maintained!
The sales price to list price ratio (SP/LP) this past month was decent coming in at 98.90%. The 12-month average is 98.37%. When consumers find a house they want, they are typically making reasonable offers giving sellers an incentive to negotiate and sell their property. What they 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 Centerville GA Real Estate market? Employ the services of a local Centerville GA Real Estate Agent who understands all of the ups-and-downs and twists and turns of this market.
Centerville GA Real Estate Market
Currently, the Centerville GA real estate market favors sellers with 3+ month of available inventory (23 homes) to choose from. To review the home sales in Centerville GA this past month as well as other closing information, check out the following statistics:
- Average Sales Price: $180,185
- Median Sales Price: $195,000
- Number of Monthly Sales: 7
- Number of Distressed Sales: 0
- Average Days-On-Market, Sold Homes: 50
- Average Sales Price /List Price Ratio: 98.90%
- Highest Priced Sale: $274,900
- Lowest Priced Sale: $98,000
- Highest Priced Listing: $499,900
- Lowest Priced Listing: $70,900
- Largest Home on the Market: 4,943 sq ft
- Smallest Home on the Market: 1,196 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 Centerville GA!
Find Centerville GA Homes for Sale
For a complete list of available real estate in Centerville GA, visit the available Centerville Homes for Sale. Make sure and subscribe to my newsletter so you do not miss out on any Centerville home deals!
Call me at (478) 960-8055 to find out what your Centerville GA home is worth or so we can discuss your home buying needs. As always, I look forward to assisting with your residential real estate needs in this community.
Preview the Home Sales in Centerville GA
Statistics represent single family homes and townhouses in Centerville GA (Source: CGMLS) for the referenced month. Information is deemed reliable, but not guaranteed.
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