Is Hinesville, 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, Hinesville has remained a Seller's Market.
Key Takeaway
Hinesville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hinesville, GA
How much do homes in Hinesville, GA cost?
Median Sold Price
$255,000
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hinesville have sold for 2.8% more than they did a year ago.
Summary: The median home sold price in Hinesville was $255,000 in May 2024, up 2.8% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $89.9K | $142K | +57.9% |
| 3 Bedrooms | $219.9K | $223.1K | +1.5% |
| 4 Bedrooms | $270K | $282.6K | +4.7% |
| 5+ Bedrooms | $314.6K | $320K | +1.7% |
Summary: Hinesville 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 increased by 57.9%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Walthourville | $222K | $275.5K | +24.1% |
| Allenhurst | $225K | $269.6K | +19.9% |
| Hinesville | $248K | $255K | +2.8% |
| Flemington | $289.8K | $287.1K | -0.9% |
Housing Supply in Hinesville, GA
How many homes are available in Hinesville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 230 | 223 | -3.0% |
Summary: The Hinesville real estate market had 223 homes for sale in May 2024, a 3.0% decrease 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 | 8 | 8 | 0.0% |
| 3 Bedrooms | 106 | 110 | +3.8% |
| 4 Bedrooms | 96 | 85 | -11.5% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Hinesville 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 increased by 3.8%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 61 | 53 | -13.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hinesville, you could pay more than the asking price. 48.1% of homes here sold above asking price last month.
Summary: A total of 53 homes were sold or pending in Hinesville in May 2024, down by 13.1% month-over-month. Of the 52 sold homes, 19% were sold under asking, 33% were sold at asking, and 48% were sold over asking.
Days on Market for Hinesville, GA
How long does it take to sell a home in Hinesville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 66 Days | +59.2% |
Summary: Homes in Hinesville had an average of 66 days on market in May 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hinesville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 53 homes were sold in Hinesville; 9% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Based on information from the Georgia MLS © 2024.