Is Ludowici, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Ludowici was a Neutral Market.
Key Takeaway
Ludowici is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludowici, GA
How much do homes in Ludowici, GA cost?
Median Sold Price
$285,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Ludowici have sold for 9.5% less than they did a year ago.
Summary: The median home sold price in Ludowici was $285,000 in March 2024, down 9.5% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | - | $229K | N/A |
| 3 Bedrooms | $233.5K | $247.2K | +5.9% |
| 4 Bedrooms | $297.4K | $288K | -3.2% |
| 5+ Bedrooms | $359.9K | $346.7K | -3.7% |
Summary: Ludowici housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Ludowici South | $275K | $287.5K | +4.5% |
| Ludowici North | $280.5K | $267.5K | -4.6% |
| Ludowici | $315K | $285K | -9.5% |
Housing Supply in Ludowici, GA
How many homes are available in Ludowici, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 82 | 81 | -1.2% |
Summary: The Ludowici real estate market had 81 homes for sale in March 2024, a 1.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 30 | 29 | -3.3% |
| 4 Bedrooms | 36 | 38 | +5.6% |
| 5+ Bedrooms | 13 | 11 | -15.4% |
Summary: The Ludowici housing inventory by bedroom type for March 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 3.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 15.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici, you could pay more than the asking price. 38.9% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Ludowici in March 2024, the same as the previous month. Of the 18 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.
Days on Market for Ludowici, GA
How long does it take to sell a home in Ludowici, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 12 Days | 40 Days | +229.3% |
Summary: Homes in Ludowici had an average of 40 days on market in Mar 2024, up by 229.3% compared to last year.
Breakdown of Home Sale Times
8 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 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 20 homes were sold in Ludowici; 40% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
