Is Ludowici South, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ludowici South was a Neutral Market.
Key Takeaway
Ludowici South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludowici South, GA
How much do homes in Ludowici South, GA cost?
Median Sold Price
$287,000
$142/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ludowici South have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in Ludowici South was $287,000 in April 2024, up 3.9% 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 | - | - | N/A |
| 2 Bedrooms | $205K | $229K | +11.7% |
| 3 Bedrooms | $220K | $249.9K | +13.6% |
| 4 Bedrooms | $276.2K | $286.2K | +3.6% |
| 5+ Bedrooms | $312.5K | $334.5K | +7.0% |
Summary: Ludowici South 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 11.7%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 7%.
Median Sold Price Compared To Nearby Cities
| Allenhurst | $219.5K | $274K | +24.8% |
| Walthourville | $245K | $280K | +14.3% |
| Ludowici South | $276.2K | $287K | +3.9% |
Housing Supply in Ludowici South, GA
How many homes are available in Ludowici South, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 61 | 73 | +19.7% |
Summary: The Ludowici South real estate market had 73 homes for sale in April 2024, a 19.7% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 26 | 27 | +3.8% |
| 5+ Bedrooms | 14 | 18 | +28.6% |
Summary: The Ludowici South 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 36.8%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 14 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici South, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Ludowici South in April 2024, the same as the previous month. Of the 14 sold homes, 7% were sold under asking, 57% were sold at asking, and 36% were sold over asking.
Days on Market for Ludowici South, GA
How long does it take to sell a home in Ludowici South, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 43 Days | -60.0% |
Summary: Homes in Ludowici South had an average of 43 days on market in Apr 2024, down by 60% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ludowici South has remained consistent over time.
Summary: During April 2024, 14 homes were sold in Ludowici South; 7% of homes were sold within 30 days, 14% 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.