Is Effingham County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Effingham County has remained a Seller's Market.
Key Takeaway
Effingham County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Effingham County, GA
How much do homes in Effingham County, GA cost?
Median Sold Price
$340,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Effingham County have sold for 9.3% more than they did a year ago.
Summary: The median home sold price in Effingham County was $340,000 in April 2024, up 9.3% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189.5K | $205.5K | +8.4% |
| 2 Bedrooms | $169.9K | $218.5K | +28.6% |
| 3 Bedrooms | $274.6K | $283K | +3.1% |
| 4 Bedrooms | $350K | $366.9K | +4.9% |
| 5+ Bedrooms | $410K | $422.7K | +3.1% |
Summary: Effingham County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 3.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Counties
| Bulloch County | $251K | $299.6K | +19.3% |
| Chatham County | $319.9K | $355.6K | +11.2% |
| Effingham County | $311K | $340K | +9.3% |
| Bryan County | $363.8K | $391.2K | +7.6% |
Housing Supply in Effingham County, GA
How many homes are available in Effingham County, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 277 | 295 | +6.5% |
Summary: The Effingham County real estate market had 295 homes for sale in April 2024, a 6.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 109 | 119 | +9.2% |
| 4 Bedrooms | 106 | 111 | +4.7% |
| 5+ Bedrooms | 52 | 57 | +9.6% |
Summary: The Effingham County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 9.6%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 67 | 84 | +25.4% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Effingham County, expect to pay close to the asking price. 48.8% of homes here sold near the asking price last month.
Summary: A total of 84 homes were sold or pending in Effingham County in April 2024, up by 25.4% month-over-month. Of the 80 sold homes, 28% were sold under asking, 49% were sold at asking, and 24% were sold over asking.
Days on Market for Effingham County, GA
How long does it take to sell a home in Effingham County, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 21 Days | -43.0% |
Summary: Homes in Effingham County had an average of 21 days on market in Apr 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Effingham County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 84 homes were sold in Effingham County; 25% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.