Irish Hill Real Estate Market: Introduction
In this report Jessica Horton presents a comprehensive analysis of the real estate market in the Irish Hill subdivision in Pike County, Georgia, for the first halves of 2023 and 2024. By meticulously examining critical metrics such as property listings, sales figures, pricing, and market responsiveness, Jessica’s aim is to provide valuable insights into the current market trends and dynamics shaping this neighborhood.
Irish Hill Market Snapshot
Irish Hill Real Estate Market: H1 2023
Irish Hill Real Estate Market: H1 2024
Irish Hill Housing Market Overview
Irish Hill Real Estate Market: Homes Listed For Sale 2023 vs. 2024
Listed Homes for Sale
- 2023: 3 properties
- 2024: 2 properties
The slight reduction in property listings in 2024 suggests a decrease in available inventory, which could impact buyer options and overall market activity.
Irish Hill Real Estate Market: Homes Sold 2023 vs. 2024
Homes Sold in Recent Years:
- 2023: 3 properties
- 2024: 1 property
The drop in the number of properties sold indicates a slower market or potential challenges in matching buyer expectations with available properties in 2024.
Irish Hill Price Analysis
Average Listing Price in Irish Hill
- 2023: $381,667
- 2024: $354,900
List Price Range
- 2023: Lowest: $350,000 | Highest: $435,000
- 2024: Lowest: $349,900 | Highest: $359,900
The average list price and the narrowing of the price range in 2024 reflect a downward adjustment in property values, which could be due to market conditions or shifts in buyer preferences.
Average Selling Price
- 2023: $388,300
- 2024: $385,000
Selling Price Range
- 2023: Lowest: $340,000 | Highest: $474,900
- 2024: Lowest and Highest: $385,000
Although the average selling price in Irish Hill has remained relatively stable, the 2024 market shows a significant contraction in the price range, with all sales converging around a single price point, indicating less variability in the types of properties sold.
Irish Hill Market Dynamics
Average List to Selling Price Ratio
Average List to Selling Price Ratio
- 2023: 96.2%
- 2024: 92.8%
The decrease in the list-to-selling price ratio suggests that buyers are negotiating more aggressively or that sellers are adjusting prices to meet market expectations in 2024.
Average Days on the Market
- 2023: 89 days
- 2024: 36 days
A significant reduction in the average days on the market reflects a quicker turnaround in sales, potentially driven by a more motivated buyer pool or more competitively priced listings.
Conclusion on the Irish Hill Real Estate Market
"Well-informed consumers make better financial decisions in real estate." - Jessica Horton
The real estate market in Irish Hill has seen a tightening of inventory and prices, with a notable decrease in variability in selling prices in 2024. Despite fewer transactions, the quicker sales suggest an alignment of listing prices with buyer expectations. Property owners in Irish Hill and potential home buyers should monitor these trends closely to adapt effectively to the evolving market conditions. This analysis should assist buyers and sellers in making informed decisions in the Irish Hill real estate market.
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.
