Is Ludowici North, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ludowici North has remained a Seller's Market.
Housing Prices in Ludowici North, GA
How much do homes in Ludowici North, GA cost?
Median Sold Price
$275,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ludowici North was $275,000 in May 2024, down 3.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $187.5K | N/A |
2 Bedrooms | - | $156.5K | N/A |
3 Bedrooms | $235K | $244K | +3.8% |
4 Bedrooms | $280K | $290K | +3.6% |
5+ Bedrooms | $347.5K | $345K | -0.7% |
Summary: Ludowici North housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 0.7%.
Median Sold Price Compared To Nearby Cities
Walthourville | $222K | $275.5K | +24.1% |
Hinesville | $248K | $255K | +2.8% |
Ludowici South | $284.9K | $286.8K | +0.7% |
Ludowici | $289.9K | $288K | -0.7% |
Ludowici North | $285.1K | $275K | -3.5% |
Housing Supply in Ludowici North, GA
How many homes are available in Ludowici North, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
48 | 54 | +12.5% |
Summary: The Ludowici North real estate market had 54 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 17 | 17 | 0.0% |
4 Bedrooms | 20 | 25 | +25.0% |
5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Ludowici North housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 15 | +114.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Ludowici North in May 2024, up by 114.3% month-over-month. Of the 12 sold homes, 8% were sold under asking, 17% were sold at asking, and 75% were sold over asking.
Days on Market for Ludowici North, GA
How long does it take to sell a home in Ludowici North, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
14 Days | 42 Days | +198.0% |
Summary: Homes in Ludowici North had an average of 42 days on market in May 2024, up by 198% compared to last year.
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
Summary: During May 2024, 15 homes were sold in Ludowici North; 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.