Newly released data from Realtor.com for September shows potential buyers and sellers in Potter County saw lower home sales prices than the previous month’s median of $173,750.
The average home sold for $166,190, an analysis of data from Realtor.com shows. This means that September, the most recent month for which figures are available, was 4.4% lower than August.
Compared to September 2023, the average home sales price was 8.3% higher at $153,415.
Realtor.com pulls sales data from real estate deeds, resulting in a lag of a few months in the data. The statistics do not include homes currently for sale and are not directly comparable to listing data.
Information about your local housing market, along with other useful community data, is available at data.statesman.com.
Here is an overview of the average sales prices:
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Looking only at single-family homes, the average sales price of $163,631 in Potter County in September was 5.8% lower than $173,750 the month before. Since September 2023, single-family home sales prices have increased 6.8% from an average of $153,218. No single-family homes sold for $1 million or more this month.
About recorded home sales in Potter County, Texas
In September, the number of recorded sales in Potter County fell 23.3% since September 2023 – from 215 to 165. All residential sales totaled $19.9 million.
Across Texas, homes sold at a median value of $312,399 in September, down 0.8% from $315,026 in August. There were 31,541 sales recorded across the state in September, down 6.9% from the 33,878 sales recorded in September 2023.
Here’s a look at the full state:
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The total value of recorded home sales in Texas fell 6.3%, from $6.6 billion in August to $6.2 billion in September.
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Of all home sales in Texas, 0.08% of homes sold for at least $1 million in September, the same as in September 2023.
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Single-family home sales prices across Texas fell 1.5% from an average of $317,178 in August to $312,515 in September. Since September 2023, the sales price of single-family homes across the state has fallen 0.5% from $314,017.
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Across the state, sales prices for condos and townhomes rose 2%, from an average of $287,500 in August to $293,312 in September. The median sales price of condos and townhomes fell 0.9% from the median of $296,095 in September 2023.
The median home sales price used in this report represents the midpoint of all homes or units listed during the given period. The median provides a more accurate picture of what’s happening in a market than the average sales price, which would involve taking the sum of all sales prices and then dividing it by the number of homes sold. The average can be distorted by one particularly low or high sale.
The USA TODAY Network is publishing localized versions of this story on its news sites nationwide, 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 Amarillo Globe-News: Homes in Potter County recently sold for lower prices: see how much here
