Augusta Home Prices Jump 4.2% to $289,400 This Quarter

Augusta residential property values climbed 4.2 percent during the April-to-June quarter when measured against the same three months in 2025, according to fresh data released this week by the local real estate board.

The increase arrives as mortgage rates hover near 6.8 percent and inventory remains tight, giving buyers and sellers a clearer picture of whether price momentum has returned after last year's slower pace. Local agents say the year-over-year comparison matters now because many listings that sat in 2025 have cleared, shifting the market toward quicker sales at firmer prices.

Broad Street and Summerville Activity

Sales along the Broad Street corridor in downtown Augusta posted the largest gains, with several mixed-use buildings changing hands above asking price. In the Summerville neighborhood, three-bedroom homes listed through the Augusta Multiple Listing Service averaged nine days on market, down from 21 days a year earlier. Properties near the Augusta Riverwalk also drew multiple offers, particularly those within walking distance of the Augusta Commons park.

The Augusta Board of Realtors tracked 612 closed transactions in the second quarter, 38 more than the same period in 2025. Median days on market fell to 14 citywide, while homes priced between $250,000 and $350,000 accounted for 41 percent of all sales.

Inventory and Next Steps

Active listings stood at 1,184 on June 30, producing a 2.1-month supply. That figure remains below the six-month equilibrium level, keeping upward pressure on prices in established pockets such as West Augusta and Lake Aumond. New construction in the Riverfront district added 47 units during the quarter, yet absorption stayed strong enough to support the overall price rise.

Buyers reviewing current listings on the Augusta MLS should lock in financing quotes this month, as any further drop in inventory could push prices higher before the third-quarter numbers arrive in October.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.