Is Long County, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Long County has remained a Seller's Market.

Key Takeaway

Long County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Long County, GA

How much do homes in Long County, GA cost?

Median Sold Price

$283,999

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$4,000(-1.4%)

Key Takeaway

Homes in Long County have sold for 1.4% less than they did a year ago.

Summary: The median home sold price in Long County was $283,999 in October 2024, down 1.4% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $275K-
N/A
2 $205K$110K
-46.3%
3 $246K$253.7K
+3.1%
4 $285.7K$290K
+1.5%
5+ $343.4K$357K
+3.9%

Summary: Long County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 46.3%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes increased by 3.9%.

Median Sold Price Compared To Nearby Counties

Liberty County
+5.3%
Long County
-1.4%
Wayne County
-8.0%

Housing Supply in Long County, GA

How many homes are available in Long County, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
7673-3.9%

Summary: The Long County real estate market had 73 homes for sale in October 2024, a 3.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 11
0.0%
2 10
-100.0%
3 2518
-28.0%
4 3743
+16.2%
5+ 1211
-8.3%

Summary: The Long County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes decreased by 28%, 4 bedroom homes increased by 16.2%, and 5+ bedroom homes decreased by 8.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1813-27.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long County, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.

Summary: A total of 13 homes were sold or pending in Long County in October 2024, down by 27.8% month-over-month. Of the 11 sold homes, 18% were sold under asking, 27% were sold at asking, and 55% were sold over asking.

Days on Market for Long County, GA

How long does it take to sell a home in Long County, GA?

Average Sale Time

Oct 2023Oct 2024CHANGE
13 Days37 Days+179.2%

Summary: Homes in Long County had an average of 37 days on market in Oct 2024, up by 179.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Long County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 13 homes were sold in Long County; 23% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Long County, GA

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