Is Lithonia, 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, Lithonia was a Seller's Market.
Housing Prices in Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$270,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lithonia was $270,000 in May 2024, down 0.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $46.5K | $68.7K | +47.8% |
2 Bedrooms | $173.5K | $175.5K | +1.2% |
3 Bedrooms | $260K | $255K | -1.9% |
4 Bedrooms | $307K | $310K | +1.0% |
5+ Bedrooms | $387.5K | $385K | -0.6% |
Summary: Lithonia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
654 | 706 | +8.0% |
Summary: The Lithonia real estate market had 706 homes for sale in May 2024, a 8.0% 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 | 71 | 72 | +1.4% |
3 Bedrooms | 333 | 362 | +8.7% |
4 Bedrooms | 160 | 181 | +13.1% |
5+ Bedrooms | 90 | 91 | +1.1% |
Summary: The Lithonia 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 increased by 1.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 114 | -6.6% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Summary: A total of 114 homes were sold or pending in Lithonia in May 2024, down by 6.6% month-over-month. Of the 108 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% were sold over asking.
Days on Market for Lithonia, GA
How long does it take to sell a home in Lithonia, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 44 Days | +28.4% |
Summary: Homes in Lithonia had an average of 44 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Summary: During May 2024, 114 homes were sold in Lithonia; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.