Is Luthersville, 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, Luthersville has remained a Seller's Market.
Key Takeaway
Luthersville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Luthersville, GA
How much do homes in Luthersville, GA cost?
Median Sold Price
$279,945
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Luthersville have sold for 5.1% less than they did a year ago.
Summary: The median home sold price in Luthersville was $279,945 in May 2024, down 5.1% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344K | - | N/A |
| 2 Bedrooms | $388K | $250K | -35.6% |
| 3 Bedrooms | $295K | $284.4K | -3.6% |
| 4 Bedrooms | $290.4K | $275.9K | -5.0% |
| 5+ Bedrooms | $326.4K | $288.9K | -11.5% |
Summary: Luthersville 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 35.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 11.5%.
Housing Supply in Luthersville, GA
How many homes are available in Luthersville, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 14 | -12.5% |
Summary: The Luthersville real estate market had 14 homes for sale in May 2024, a 12.5% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Luthersville 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 decreased by 14.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Luthersville, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Luthersville in May 2024, the same as the previous month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Luthersville, GA
How long does it take to sell a home in Luthersville, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 21 Days | 48 Days | +123.3% |
Summary: Homes in Luthersville had an average of 48 days on market in May 2024, up by 123.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Luthersville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 4 homes were sold in Luthersville; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
