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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Swainsboro is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Swainsboro was a Seller's Market.

Key Takeaway

Swainsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Swainsboro, GA

How much do homes in Swainsboro, GA cost?

Median Sold Price

$190,000

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+13.8%)

Key Takeaway

Homes in Swainsboro have sold for 13.8% more than they did a year ago.

Summary: The median home sold price in Swainsboro was $190,000 in October 2024, up 13.8% from last year, and the median price per square foot was $114.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$100K
N/A
2 $112.5K$93.7K
-16.7%
3 $133K$195.5K
+47.0%
4 $216.5K$212.5K
-1.8%
5+ $251K$149.5K
-40.4%

Summary: Swainsboro 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 16.7%, 3 bedroom homes increased by 47%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes decreased by 40.4%.

Housing Supply in Swainsboro, GA

How many homes are available in Swainsboro, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3128-9.7%

Summary: The Swainsboro real estate market had 28 homes for sale in October 2024, a 9.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1715
-11.8%
4 1211
-8.3%
5+ 22
0.0%

Summary: The Swainsboro 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 remained the same, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
73-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Swainsboro, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in Swainsboro in October 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Swainsboro, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
47 Days61 Days+30.5%

Summary: Homes in Swainsboro had an average of 61 days on market in Oct 2024, up by 30.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Swainsboro has remained consistent over time.

Summary: During October 2024, 3 homes were sold in Swainsboro; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% 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 Swainsboro, GA

Nearby Markets to Swainsboro, GA