Is Statham, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Statham is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Statham has remained a Seller's Market.

Key Takeaway

Statham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Statham, GA

How much do homes in Statham, GA cost?

Median Sold Price

$395,000

$196/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,100(+9.8%)

Key Takeaway

Homes in Statham have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Statham was $395,000 in May 2024, up 9.8% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
N/A
2 $201K$225K
+11.9%
3 $289.5K$326K
+12.6%
4 $375K$400K
+6.7%
5+ $572.4K$814.4K
+42.3%

Summary: Statham 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 increased by 11.9%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 42.3%.

Housing Supply in Statham, GA

How many homes are available in Statham, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
133123-7.5%

Summary: The Statham real estate market had 123 homes for sale in May 2024, a 7.5% decrease compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 2523
-8.0%
4 6962
-10.1%
5+ 3634
-5.6%

Summary: The Statham 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 increased by 33.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes decreased by 5.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3631-13.9%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Statham, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Statham in May 2024, down by 13.9% month-over-month. Of the 31 sold homes, 29% were sold under asking, 26% were sold at asking, and 45% were sold over asking.

Days on Market for Statham, GA

How long does it take to sell a home in Statham, GA?

Average Sale Time

May 2023May 2024CHANGE
48 Days41 Days-14.6%

Summary: Homes in Statham had an average of 41 days on market in May 2024, down by 14.6% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Statham are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 31 homes were sold in Statham; 65% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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