Is Ludowici, 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 has remained a Seller's Market.
Key Takeaway
Ludowici is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ludowici, GA
How much do homes in Ludowici, GA cost?
Median Sold Price
$288,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ludowici have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Ludowici was $288,000 in May 2024, down 0.7% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $275K | N/A |
| 2 Bedrooms | $205K | $110K | -46.3% |
| 3 Bedrooms | $235K | $250.7K | +6.7% |
| 4 Bedrooms | $280K | $290.5K | +3.8% |
| 5+ Bedrooms | $350K | $346.7K | -0.9% |
Summary: Ludowici 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 decreased by 46.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
| 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, GA
How many homes are available in Ludowici, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 91 | 99 | +8.8% |
Summary: The Ludowici real estate market had 99 homes for sale in May 2024, a 8.8% 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 | 3 | 3 | 0.0% |
| 3 Bedrooms | 34 | 34 | 0.0% |
| 4 Bedrooms | 35 | 44 | +25.7% |
| 5+ Bedrooms | 19 | 18 | -5.3% |
Summary: The Ludowici 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 25.7%, and 5+ bedroom homes decreased by 5.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 33 | +175.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ludowici, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.
Summary: A total of 33 homes were sold or pending in Ludowici in May 2024, up by 175.0% month-over-month. Of the 29 sold homes, 21% were sold under asking, 31% were sold at asking, and 48% were sold over asking.
Days on Market for Ludowici, GA
How long does it take to sell a home in Ludowici, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 56 Days | +65.1% |
Summary: Homes in Ludowici had an average of 56 days on market in May 2024, up by 65.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ludowici are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 33 homes were sold in Ludowici; 18% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
