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The median home in Richmond County listed for $235,200 in July, down 0.5% from the previous month's $236,450, an analysis of data from Realtor.com shows .
Compared to July 2023, the median home list price increased 11.5% from $211,000.
The statistics in this article only pertain to houses listed for sale in Richmond County, not houses that were sold. Information on your local housing market, along with other useful community data, is available at data.augustachronicle.com .
Richmond County's median home was 1,721 square feet, listed at $141 per square foot. The price per square foot of homes for sale is up 10.7% from July 2023.
Listings in Richmond County moved slowly, at a median 56 days listed compared to the July national median of 50 days on the market. In the previous month, homes had a median of 50 days on the market. Around 222 homes were newly listed on the market in July, a 0.9% increase from 220 new listings in July 2023.
The median home prices issued by Realtor.com may exclude many, or even most, of a market's homes. The price and volume represent only single-family homes, condominiums or townhomes. They include existing homes, but exclude most new construction as well as pending and contingent sales.
Across the Augusta-Richmond County metro area, median home prices rose to $314,950, slightly higher than a month earlier. The median home had 2,081 square feet, at a list price of $158 per square foot.
In Georgia, median home prices were $399,925, a slight increase from June. The median Georgia home listed for sale had 2,144 square feet, with a price of $192 per square foot.
Throughout the United States, the median home price was $439,950, a slight decrease from the month prior. The median American home for sale was listed at 1,869 square feet, with a price of $231 per square foot.
The median home list price used in this report represents the midway point of all the houses or units listed over the given period of time. Experts say the median offers a more accurate view of what's happening in a market than the average list price, which would mean taking the sum of all listing prices then dividing by the number of homes sold. The average can be skewed by one particularly low or high price.
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: Richmond County home listings asked for less money in July – see the current median price here
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