Shannon, GA Foreclosures
How much do homes sell for in Shannon, GA?
The average home price is currently $147,953.
In Shannon, GA, how many homes are available?
There are currently 308 active home listings available in Shannon.
What’s the average rental cost in Shannon, GA?
The average rental price in Shannon is $889.
What is the most expensive home in Shannon?
The most expensive home sold in Shannon had a price of $299,606.
What is currently the cheapest priced home in Shannon, GA?
The cheapest home for sale in Shannon is priced at $17,640.
Living in Shannon, GA
Shannon, GA, is a charming unincorporated community in Floyd County, known for its serene and family-friendly environment. Offering a mix of suburban living with easy access to urban conveniences, Shannon boasts excellent schools and multiple parks for outdoor activities. Residents enjoy the benefits of community life, all while living near the attractions of larger cities like Rome.
Current Market Conditions in Shannon, GA
Shannon has experienced a stable real estate market over the past year, with modest appreciation in home values. Homes in the area are reasonably priced compared to nearby urban centers, making it an attractive market for first-time homebuyers and investors alike. The community has seen an increase in demand for single-family homes, indicating a healthy buying interest among families moving into the area.
The past few months have shown a slight uptick in property sales in Shannon, with an average of 2% increase in prices since last quarter. The low inventory levels continue to put upward pressure on prices, making it an opportune moment for sellers. Buyers need to act quickly due to the competitive nature of the market.
Home Value Estimator For Shannon, GA
There are currently 23 real estate properties
in Shannon, GA,
with a median automated valuation model (AVM) price
of $158,216.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Shannon, GA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Shannon, GA,
is $147,953.00, with the most expensive house
in Shannon, GA, topping out
at $299,606.00 and the cheapest home
in Shannon, GA,
clocking in at $17,640.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Shannon, GA!
Rent Prices
In Shannon, GA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Shannon, GA, is on
a rollercoaster ride. The
average rent price in Shannon, GA,
is $889.00. Indeed, when looking to rent in
Shannon, GA, you can expect to pay as little
as $640.00 or as much
as $1,690.00,
with the average rent median estimated to
be $850.00. The good news is that finding
an affordable and desirable property to rent in Shannon, GA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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