Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • The Augusta Chronicle

    Homes in Richmond County sold for lower prices recently: See how much here

    By USA TODAY Network,

    2 days ago

    Newly released data from Realtor.com for April shows that potential buyers and sellers in Richmond County saw houses sell for slightly lower than the previous month's median sales price of $182,930.

    The median home sold for $182,000, an analysis of data from Realtor.com shows. That means April, the most recent month for which figures are available, was down 0.5% from March.

    Compared to April 2023, the median home sales price was down 16.3% at $182,000 compared to $217,500.

    Realtor.com sources sales data from real estate deeds, resulting in a few months' delay in up-to-date data. The statistics don't include homes currently listed for sale, and aren't directly comparable to listings data.

    Information on your local housing market, along with other useful community data, is available at data.augustachronicle.com .

    Looking only at single-family homes, the $182,500 median selling price in Richmond County was up 0.6% in April from $181,465 the month prior. Since April 2023, the sales price of single-family homes was down 15.1% from a median of $215,000.

    One single family home sold for $1 million or more during the month, compared to two recorded transactions of at least $1 million in April 2023.

    Condominiums and townhomes decreased by 65.5% in sales price during April to a median of $122,500 from $355,000 in March. Compared to April 2023, the sales price of condominiums and townhomes was down 64.2% from $342,500. One​ condominium or townhouse sold for $1 million or more during the month, compared to zero recorded transactions of at least $1 million in April 2023.

    In April, the number of recorded sales in Richmond County dropped by 13.4% since April 2023 from 277 to 240. All residential home sales totaled to $61.7 million.

    In Georgia, homes sold at a median of $330,000 during April, up 1.5% from $325,043 in March. There were 12,441 recorded sales across the state during April, up 0.4% from 12,394 recorded sales in April 2023.

    The total value of recorded residential home sales in Georgia increased by 25.1% from $5 billion in March to $6.2 billion this April.

    Out of all residential home sales in Georgia, 6.06% of homes sold for at least $1 million in April, up from 4.52% in April 2023.

    Sales prices of single-family homes across Georgia increased by 1.8% from a median of $325,000 in March to $330,900 in April. Since April 2023, the sales price of single-family homes across the state was up 3.4% from $320,114.

    Across the state, the sales price of condominiums and townhomes dropped 0.7% from a median of $332,000 in March to $329,575 during April. The median sales price of condominiums and townhomes is up 2.6% from the median of $321,289 in April 2023.

    The median home sales price used in this report represents the midway point of all the houses or units listed over the given period of time. The median offers a more accurate view of what's happening in a market than the average sales price, which would mean taking the sum of all sales prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high sale.

    The USA TODAY Network is publishing localized versions of this story on its news sites across the country, generated with data from Realtor.com . Please leave any feedback or corrections for this story here . This story was written by Ozge Terzioglu.

    This article originally appeared on Augusta Chronicle: Homes in Richmond County sold for lower prices recently: See how much here

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular
    frugalhotspot.com20 days ago

    Comments / 0