Is Lathemtown, 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, Lathemtown has remained a Seller's Market.
Housing Prices in Lathemtown, GA
How much do homes in Lathemtown, GA cost?
Median Sold Price
$698,448
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lathemtown was $698,448 in May 2024, up 11.3% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $669.2K | $617.5K | -7.7% |
3 Bedrooms | $503K | $517K | +2.8% |
4 Bedrooms | $585K | $650K | +11.1% |
5+ Bedrooms | $747.5K | $847.1K | +13.3% |
Summary: Lathemtown 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 7.7%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 13.3%.
Median Sold Price Compared To Nearby Cities
Lathemtown | $627.5K | $698.4K | +11.3% |
Roswell-Alpharetta | $632K | $691.6K | +9.4% |
Silver City | $503.2K | $540K | +7.3% |
Milton | $840K | $887K | +5.6% |
Housing Supply in Lathemtown, GA
How many homes are available in Lathemtown, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
233 | 245 | +5.2% |
Summary: The Lathemtown real estate market had 245 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 9 | 11 | +22.2% |
3 Bedrooms | 45 | 42 | -6.7% |
4 Bedrooms | 65 | 58 | -10.8% |
5+ Bedrooms | 114 | 133 | +16.7% |
Summary: The Lathemtown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 22.2%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 10.8%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 42 | -31.1% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in Lathemtown in May 2024, down by 31.1% month-over-month. Of the 41 sold homes, 44% were sold under asking, 37% were sold at asking, and 20% were sold over asking.
Days on Market for Lathemtown, GA
How long does it take to sell a home in Lathemtown, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 21 Days | -26.6% |
Summary: Homes in Lathemtown had an average of 21 days on market in May 2024, down by 26.6% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 42 homes were sold in Lathemtown; 83% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.