$3,770 Closing Credit*
$317,500
1,611 SqFt
3 Beds
•2 Full Baths
Britt Hendrix, Listing Office: Raines Realty Group
Is Statesboro, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | - | N/A |
| 2 Bedrooms | $149.9K | $150K | 0.1% |
| 3 Bedrooms | $245K | $255K | +4.1% |
| 4 Bedrooms | $319.9K | $343.4K | +7.3% |
| 5+ Bedrooms | $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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 198 | 182 | -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
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 102 | 98 | -3.9% |
| 4 Bedrooms | 73 | 66 | -9.6% |
| 5+ Bedrooms | 17 | 11 | -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 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 43 | 48 | +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
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 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 45 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
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.
