Is Sumter County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Sumter County has remained a Buyer's Market.
Key Takeaway
Sumter County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sumter County, GA
How much do homes in Sumter County, GA cost?
Median Sold Price
$365,550
$125/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Sumter County have sold for 116.6% more than they did a month ago.
Summary: The median home sold price in Sumter County was $365,550 in April 2024, up 116.6% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $448.5K | N/A |
| 3 Bedrooms | $114.4K | $309K | +170.0% |
| 4 Bedrooms | $290K | - | N/A |
| 5+ Bedrooms | $158.5K | - | N/A |
Summary: Sumter County 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 increased by 170%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Counties
| Sumter County | $168.7K | $365.5K | +116.6% |
| Macon County | $314.4K | $158.2K | -49.7% |
| Dooly County | $179.4K | $4.5K | -97.5% |
Housing Supply in Sumter County, GA
How many homes are available in Sumter County, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 30 | +3.4% |
Summary: The Sumter County real estate market had 30 homes for sale in April 2024, a 3.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 6 | +50.0% |
| 3 Bedrooms | 20 | 20 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Sumter County 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 increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Sumter County, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Sumter County in April 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Sumter County, GA
How long does it take to sell a home in Sumter County, GA?
Average Sale Time
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 76 Days | 103 Days | +35.5% |
Summary: Homes in Sumter County had an average of 103 days on market in Apr 2024, up by 35.5% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sumter County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 4 homes were sold in Sumter County; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
