Brown Station Real Estate Market: Introduction
The real estate market in the Brown Station neighborhood of Pike County, Georgia experiences constant changes, and keeping up with these shifts is crucial for both buyers and sellers. In this post, Jessica Horton provides a professional comparative analysis of the real estate market in the Brown Station subdivision in Pike County, GA, with a specific focus on the first half of 2023 and 2024. By analyzing key metrics such as the number of listed and sold properties, average prices, and market dynamics, we can gain valuable insights into how the market has evolved over the past year.
Brown Station Market Snapshot
Brown Station Real Estate Market: H1 2023
Brown Station Real Estate Market: H1 2024
Brown Station Housing Market Overview
Brown Station Real Estate Market: Homes Listed For Sale 2023 vs. 2024
Listed Homes for Sale
- 2023: Only 1 property was listed
- 2024: 3 properties were listed
The number of properties for sale in Brown Station tripled in 2024 compared to 2023, indicating a significant increase in seller activity, which may be attributed to changing market conditions or higher property values.
Brown Station Real Estate Market: Homes Sold 2023 vs. 2024
Homes Sold in Recent Years:
- 2023: 1 property
- 2024: 3 properties
The number of properties sold in 2024 has also tripled from the previous year, suggesting a higher buyer demand and a more active market.
Brown Station Price Analysis
Average Listing Price in Brown Station
- 2023: $439,000
- 2024: $439,676
The average list price has remained relatively stable, with a slight increase in 2024, indicating that sellers’ expectations about property values have not changed significantly over the year.
Listing Price Range
- 2023:
- Lowest: $439,000
- Highest: $439,000
- 2024:
- Lowest: $429,500
- Highest: $449,900
In 2024, the listing price range shows more variability, with a lower floor and a higher ceiling compared to 2023, indicating a broader range of property values listed.
Average Selling Price
- 2023: $439,000
- 2024: $400,000
The average selling price has decreased in 2024, suggesting that while more properties are being listed and sold, buyers are negotiating lower prices compared to the previous year.
Selling Price Range
- 2023:
- Lowest: $439,000
- Highest: $439,000
- 2024:
- Lowest: $365,000
- Highest: $435,000
The selling prices in 2024 show a broader range, with a lower floor and ceiling compared to 2023, indicating more variability in the market.
Brown Station Market Dynamics
Average List to Selling Price Ratio
- 2023: 100.0%
- 2024: 92.2%
The list-to-selling price ratio has decreased in 2024, indicating that properties are selling for a lower percentage of their list price compared to the previous year.
Average Days on the Market
- 2023: 24 days
- 2024: 50 days
Homes are staying on the market longer in 2024, which could be due to the increased number of listings giving buyers more choices and potentially leading to longer decision-making times.
Conclusion on the Brown Station Real Estate Market
"Well-informed consumers make better financial decisions in real estate." - Jessica Horton
The real estate market in Brown Station, Pike County, Georgia, has experienced notable changes between the first half of 2023 and 2024. There are more properties listed and sold in 2024, though the average selling price has decreased, and the range of selling prices has widened. The decrease in the list-to-selling price ratio and the increase in average days on the market suggest a more competitive and perhaps cautious market environment.
Understanding these trends is crucial for making informed decisions for buyers and sellers. Whether you’re considering selling your home or looking to buy, staying updated with the latest market data will help you navigate the real estate landscape more effectively.
Jessica Horton
With over 20 years of unparalleled experience in the real estate industry, Jessica Horton has cemented her legacy as a trailblazer and visionary.
Experience
Jessica Horton - 20+ years experience in real estate and hundreds of successful transactions. She is consistently recognized for exceptional results.
Top-rated
Since winning Rookie of the Year in 2002 and a Top Producer each year after, Jessica's career has been a constant quest for excellence, consistently excelling from 2001 to 2023.
Industry expert
Jessica is a respected speaker for both the National Association of Realtors and the Real Estate Buyers Agency Council (REBAC), showcasing her professional credentials.
