Madison County, Georgia Real Estate Market Statistics

Madision County, Georgia real estate market statistics, what a wild ride this county has taken lately.

The Good:

There are excellent deals to be found! As of 10/7/2010 there are 104 single family homes on the market listed for under $200,000. List prices start at $48,000.

The Bad:

Sellers of homes listed at over $200,000 are finding buyers to be very scarce. Year to date in 2010, ther have only been 9 sales in Madison County, GA over $200,000; with sales prices ranging from $200,000 to $349,000. Currently there are 41 active listings in Madison County, GA (per Athens MLS) ranging from $200,000 to $875,000.

The Ugly:

In September 2010, there were only 13 sales in Madison County, GA of which 10 were REO sales (homes that had been foreclosed upon and were bank owned at the time of resale). Madison County sales in September 2010 ranged from $39,900 to $182,000 in sales price.

Regarding Single Family Residential Sales in Madison County, GA year to date in 2010:

• Median Sold Price is $119,000
• Average Sold Price is $118,650
• Average Days on Market is 174
• There have been 116 total SFR sales

In comparision, for the same time period in 2009 in Madison County, GA regarding Single Family Residential Sales:

• Median Sold Price was $125,000
• Average Sold Price was $124,139
• Average Days on Market was 224
• There were 133 total SFR sales.

So although the median sales prices have declined by 5+-%, and sales activity has decreased by 13%; the average days on market has declined by 22% for 2010 year to date versus 2009 through the same time period.

All information is per Athens MLS and is believed accurate, but not guaranteed.