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 April 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

$394,950

$198/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$79,950(+25.4%)

Key Takeaway

Homes in Statham have sold for 25.4% more than they did a year ago.

Summary: The median home sold price in Statham was $394,950 in April 2024, up 25.4% from last year, and the median price per square foot was $198.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 --
N/A
2 $195K$215K
+10.3%
3 $285K$325K
+14.0%
4 $370K$399.9K
+8.1%
5+ $565.4K$799.9K
+41.5%

Summary: Statham 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 increased by 10.3%, 3 bedroom homes increased by 14%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 41.5%.

Housing Supply in Statham, GA

How many homes are available in Statham, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
10498-5.8%

Summary: The Statham real estate market had 98 homes for sale in April 2024, a 5.8% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 22
0.0%
3 2327
+17.4%
4 5346
-13.2%
5+ 2623
-11.5%

Summary: The Statham 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 remained the same, 3 bedroom homes increased by 17.4%, 4 bedroom homes decreased by 13.2%, and 5+ bedroom homes decreased by 11.5%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2423-4.2%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Statham, you may be able to get a good deal. 52.2% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Statham in April 2024, down by 4.2% month-over-month. Of the 23 sold homes, 52% were sold under asking, 35% were sold at asking, and 13% 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

Apr 2023Apr 2024CHANGE
45 Days36 Days-19.5%

Summary: Homes in Statham had an average of 36 days on market in Apr 2024, down by 19.5% compared to last year.

Breakdown of Home Sale Times

14 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

2 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 April 2024, 23 homes were sold in Statham; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% 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 3 Days Ago

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