Is Lithia Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lithia Springs was a Seller's Market.
Key Takeaway
Lithia Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lithia Springs, GA
How much do homes in Lithia Springs, GA cost?
Median Sold Price
$287,500
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lithia Springs have sold for 4% less than they did a year ago.
Summary: The median home sold price in Lithia Springs was $287,500 in May 2024, down 4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | - | N/A |
| 2 Bedrooms | $192.5K | $215K | +11.7% |
| 3 Bedrooms | $275K | $257K | -6.5% |
| 4 Bedrooms | $350.8K | $325K | -7.4% |
| 5+ Bedrooms | $397K | $430.5K | +8.4% |
Summary: Lithia Springs 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 11.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Mableton | $339.6K | $359.6K | +5.9% |
| Douglasville | $318.1K | $325.1K | +2.2% |
| Douglasville-Lithia Springs | $296.5K | $299.8K | +1.1% |
| Lithia Springs | $299.5K | $287.5K | -4.0% |
Housing Supply in Lithia Springs, GA
How many homes are available in Lithia Springs, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 98 | 105 | +7.1% |
Summary: The Lithia Springs real estate market had 105 homes for sale in May 2024, a 7.1% 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 | 7 | 7 | 0.0% |
| 3 Bedrooms | 39 | 49 | +25.6% |
| 4 Bedrooms | 30 | 26 | -13.3% |
| 5+ Bedrooms | 22 | 23 | +4.5% |
Summary: The Lithia Springs 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 25.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 16 | -27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithia Springs, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lithia Springs in May 2024, down by 27.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.
Days on Market for Lithia Springs, GA
How long does it take to sell a home in Lithia Springs, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 42 Days | +18.9% |
Summary: Homes in Lithia Springs had an average of 42 days on market in May 2024, up by 18.9% compared to last year.
Breakdown of Home Sale Times
9 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 Lithia Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 16 homes were sold in Lithia Springs; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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.