Is Statesboro, 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, 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
$294,883
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Statesboro have sold for 15.3% more than they did a year ago.
Summary: The median home sold price in Statesboro was $294,883 in May 2024, up 15.3% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $82K | - | N/A |
| 2 Bedrooms | $149K | $136.3K | -8.5% |
| 3 Bedrooms | $224.5K | $250K | +11.4% |
| 4 Bedrooms | $301.6K | $335.8K | +11.3% |
| 5+ Bedrooms | $368K | $416.5K | +13.2% |
Summary: Statesboro 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 8.5%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 13.2%.
Housing Supply in Statesboro, GA
How many homes are available in Statesboro, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 210 | 222 | +5.7% |
Summary: The Statesboro real estate market had 222 homes for sale in May 2024, a 5.7% 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 | 11 | 7 | -36.4% |
| 3 Bedrooms | 89 | 101 | +13.5% |
| 4 Bedrooms | 88 | 93 | +5.7% |
| 5+ Bedrooms | 22 | 21 | -4.5% |
Summary: The Statesboro 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 decreased by 36.4%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 4.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 46 | 52 | +13.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
13 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. 55.8% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Statesboro in May 2024, up by 13.0% month-over-month. Of the 43 sold homes, 56% were sold under asking, 30% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 33 Days | +27.1% |
Summary: Homes in Statesboro had an average of 33 days on market in May 2024, up by 27.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
5 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 May 2024, 52 homes were sold in Statesboro; 54% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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