Is Effingham County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Effingham County has remained a Seller's Market.
Key Takeaway
Effingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Effingham County, GA
How much do homes in Effingham County, GA cost?
Median Sold Price
$337,976
$168/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Effingham County have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Effingham County was $337,976 in March 2024, up 9.1% from last year, and the median price per square foot was $168.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $205.5K | +8.4% |
| 2 Bedrooms | $169.9K | $208.5K | +22.7% |
| 3 Bedrooms | $270K | $280K | +3.7% |
| 4 Bedrooms | $350K | $365K | +4.3% |
| 5+ Bedrooms | $410K | $423.9K | +3.4% |
Summary: Effingham County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 3.4%.
Median Sold Price Compared To Nearby Counties
| Bulloch County | $245.7K | $299.2K | +21.7% |
| Chatham County | $317.8K | $354.1K | +11.4% |
| Effingham County | $309.8K | $337.9K | +9.1% |
| Bryan County | $361.1K | $385.6K | +6.8% |
Housing Supply in Effingham County, GA
How many homes are available in Effingham County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 252 | 260 | +3.2% |
Summary: The Effingham County real estate market had 260 homes for sale in March 2024, a 3.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 9 | +12.5% |
| 3 Bedrooms | 98 | 105 | +7.1% |
| 4 Bedrooms | 104 | 100 | -3.8% |
| 5+ Bedrooms | 40 | 45 | +12.5% |
Summary: The Effingham County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 65 | -9.7% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Effingham County, expect to pay close to the asking price. 44.6% of homes here sold near the asking price last month.
Summary: A total of 65 homes were sold or pending in Effingham County in March 2024, down by 9.7% month-over-month. Of the 65 sold homes, 25% were sold under asking, 45% were sold at asking, and 31% were sold over asking.
Days on Market for Effingham County, GA
How long does it take to sell a home in Effingham County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 43 Days | 47 Days | +8.9% |
Summary: Homes in Effingham County had an average of 47 days on market in Mar 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Effingham County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 65 homes were sold in Effingham County; 12% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
