Is Ludowici, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Ludowici was a Seller's Market.
Key Takeaway
Ludowici is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ludowici, GA
How much do homes in Ludowici, GA cost?
Median Sold Price
$290,000
$136/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Ludowici have sold for 5.5% more than they did a month ago.
Summary: The median home sold price in Ludowici was $290,000 in April 2024, up 5.5% from last month, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $253.7K | $240K | -5.4% |
| 4 Bedrooms | $277.5K | $296K | +6.7% |
| 5+ Bedrooms | $329.8K | $314.9K | -4.5% |
Summary: Ludowici housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 5.4%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 4.5%.
Housing Supply in Ludowici, GA
How many homes are available in Ludowici, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 81 | 91 | +12.3% |
Summary: The Ludowici real estate market had 91 homes for sale in April 2024, a 12.3% 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 | 3 | 2 | -33.3% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 36 | 36 | 0.0% |
| 5+ Bedrooms | 13 | 19 | +46.2% |
Summary: The Ludowici 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 33.3%, 3 bedroom homes increased by 17.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 46.2%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 15 | -11.8% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 15 homes were sold or pending in Ludowici in April 2024, down by 11.8% month-over-month. Of the 13 sold homes, 15% were sold under asking, 38% were sold at asking, and 46% 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 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 32 Days | -30.0% |
Summary: Homes in Ludowici had an average of 32 days on market in Apr 2024, down by 30% compared to last month.
Breakdown of Home Sale Times
4 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 Ludowici are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Ludowici; 27% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024.