Is Ludowici North, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ludowici North has remained a Seller's Market.
Key Takeaway
Ludowici North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludowici North, GA
How much do homes in Ludowici North, GA cost?
Median Sold Price
$272,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in Ludowici North has remained the same since last year.
Summary: The median home sold price in Ludowici North was $272,000 in April 2024, up 0.4% from last year, and the median price per square foot was $142.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $187.5K | N/A |
| 2 Bedrooms | - | $156.5K | N/A |
| 3 Bedrooms | $224.9K | $238K | +5.8% |
| 4 Bedrooms | $280K | $285.4K | +1.9% |
| 5+ Bedrooms | $360K | $334.2K | -7.2% |
Summary: Ludowici North housing prices by bedroom type for April 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 5.8%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes decreased by 7.2%.
Median Sold Price Compared To Nearby Cities
| Walthourville | $245K | $280K | +14.3% |
| Hinesville | $232.4K | $254.9K | +9.7% |
| Ludowici South | $276.2K | $287K | +3.9% |
| Ludowici North | $271K | $272K | 0.4% |
Housing Supply in Ludowici North, GA
How many homes are available in Ludowici North, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 42 | +5.0% |
Summary: The Ludowici North real estate market had 42 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 13 | 14 | +7.7% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Ludowici North housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici North, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Ludowici North in April 2024, up by 12.5% month-over-month. Of the 7 sold homes, 14% were sold under asking, 57% were sold at asking, and 29% were sold over asking.
Days on Market for Ludowici North, GA
How long does it take to sell a home in Ludowici North, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 17 Days | -21.2% |
Summary: Homes in Ludowici North had an average of 17 days on market in Apr 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ludowici North are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Ludowici North; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
