Henry County home prices rise 5.0% over 12 months as Newton County goes the other way

MCDONOUGH, Ga. Henry County and neighboring Newton County are moving in opposite directions on price. Henry County's 12-month median rose 5.0% to $351,700 through October.

Next door, Newton County's 12-month median fell 4.8% to $300,000 over the same period, on 73 October closings.

Henry County recorded 182 closed home sales in October, down 2.2% from 186 a year earlier. The median sale price was $360,000, up 5.6% from $341,000 a year earlier.

The median home closed at 100.0% of its final list price in October, matching the 12-month figure. Sales below list made up 38.3% of the total. A price cut came before 46.7% of sales, compared with 45.7% over the year.

With 1,052 active listings as of 1:20 p.m. ET Nov. 14, Henry County had 5.8 months of supply at October's closing pace, which our published bands read as balanced. On the 12-month sales pace the figure is 6.9 months, which falls in the buyer-leaning (above 6 months) band.

Sellers listed 390 homes in October, up 22.3% from 319 a year earlier, while buyers signed 177 contracts, up 22.1% from 145.