Is Statesboro, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Statesboro is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Statesboro, GA

How much do homes in Statesboro, GA cost?

Median Sold Price

$295,083

$161/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$11,106(+3.9%)

Key Takeaway

Homes in Statesboro have sold for 3.9% more than they did a year ago.

Summary: The median home sold price in Statesboro was $295,083 in October 2024, up 3.9% from last year, and the median price per square foot was $161.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $82K-
N/A
2 $149.9K$150K
0.1%
3 $245K$255K
+4.1%
4 $319.9K$343.4K
+7.3%
5+ $395.8K$409.1K
+3.4%

Summary: Statesboro 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 increased by 0.1%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 7.3%, and 5+ bedroom homes increased by 3.4%.

Housing Supply in Statesboro, GA

How many homes are available in Statesboro, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
198182-8.1%

Summary: The Statesboro real estate market had 182 homes for sale in October 2024, a 8.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 67
+16.7%
3 10298
-3.9%
4 7366
-9.6%
5+ 1711
-35.3%

Summary: The Statesboro 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 increased by 16.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 9.6%, and 5+ bedroom homes decreased by 35.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4348+11.6%

Asking Price vs. Sold Price

26 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Statesboro, you may be able to get a good deal. 60.5% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in Statesboro in October 2024, up by 11.6% month-over-month. Of the 43 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.

Days on Market for Statesboro, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
33 Days45 Days+35.9%

Summary: Homes in Statesboro had an average of 45 days on market in Oct 2024, up by 35.9% compared to last year.

Breakdown of Home Sale Times

21 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 48 homes were sold in Statesboro; 44% of homes were sold within 30 days, 42% 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 Statesboro, GA

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