Is Ludowici South, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ludowici South has remained a Seller's Market.
Key Takeaway
Ludowici South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludowici South, GA
How much do homes in Ludowici South, GA cost?
Median Sold Price
$286,850
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ludowici South have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Ludowici South was $286,850 in May 2024, up 0.7% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $110K | -46.3% |
| 3 Bedrooms | $220K | $250K | +13.6% |
| 4 Bedrooms | $274.9K | $287.2K | +4.5% |
| 5+ Bedrooms | $343.4K | $339K | -1.3% |
Summary: Ludowici South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 1.3%.
Median Sold Price Compared To Nearby Cities
| Walthourville | $222K | $275.5K | +24.1% |
| Allenhurst | $225K | $271.9K | +20.9% |
| Townsend | $321.3K | $330K | +2.7% |
| Ludowici South | $284.9K | $286.8K | +0.7% |
| Ludowici | $289.9K | $288K | -0.7% |
Housing Supply in Ludowici South, GA
How many homes are available in Ludowici South, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 67 | -1.5% |
Summary: The Ludowici South real estate market had 67 homes for sale in May 2024, a 1.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 18 | 14 | -22.2% |
Summary: The Ludowici South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 23 | +109.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici South, you could pay more than the asking price. 40.9% of homes here sold above asking price last month.
Summary: A total of 23 homes were sold or pending in Ludowici South in May 2024, up by 109.1% month-over-month. Of the 22 sold homes, 23% were sold under asking, 36% were sold at asking, and 41% were sold over asking.
Days on Market for Ludowici South, GA
How long does it take to sell a home in Ludowici South, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 54 Days | 73 Days | +34.4% |
Summary: Homes in Ludowici South had an average of 73 days on market in May 2024, up by 34.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ludowici South are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 23 homes were sold in Ludowici South; 9% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
