Is Swainsboro, 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, Swainsboro has remained a Seller's Market.
Key Takeaway
Swainsboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Swainsboro, GA
How much do homes in Swainsboro, GA cost?
Median Sold Price
$168,000
$100/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Swainsboro have sold for 24.5% more than they did a year ago.
Summary: The median home sold price in Swainsboro was $168,000 in March 2024, up 24.5% from last year, and the median price per square foot was $100.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $65K | $102.7K | +58.1% |
| 3 Bedrooms | $134.9K | $168K | +24.5% |
| 4 Bedrooms | $183K | $212.5K | +16.1% |
| 5+ Bedrooms | - | $251K | N/A |
Summary: Swainsboro 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 increased by 58.1%, 3 bedroom homes increased by 24.5%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes did not change.
Housing Supply in Swainsboro, GA
How many homes are available in Swainsboro, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 27 | 24 | -11.1% |
Summary: The Swainsboro real estate market had 24 homes for sale in March 2024, a 11.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Swainsboro 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 decreased by 66.7%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 7 | +75.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Swainsboro, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Swainsboro in March 2024, up by 75.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Swainsboro, GA
How long does it take to sell a home in Swainsboro, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 46 Days | +21.1% |
Summary: Homes in Swainsboro had an average of 46 days on market in Mar 2024, up by 21.1% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Swainsboro are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 7 homes were sold in Swainsboro; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
