Is Lilburn, 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, Lilburn has remained a Seller's Market.
Housing Prices in Lilburn, GA
How much do homes in Lilburn, GA cost?
Median Sold Price
$405,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lilburn was $405,000 in May 2024, up 6.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $130K | - | N/A |
2 Bedrooms | $332.5K | $374.9K | +12.8% |
3 Bedrooms | $350K | $362.9K | +3.7% |
4 Bedrooms | $400K | $420K | +5.0% |
5+ Bedrooms | $525K | $530K | +1.0% |
Summary: Lilburn 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 12.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 1%.
Housing Supply in Lilburn, GA
How many homes are available in Lilburn, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
268 | 262 | -2.2% |
Summary: The Lilburn real estate market had 262 homes for sale in May 2024, a 2.2% 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 | 14 | 15 | +7.1% |
3 Bedrooms | 89 | 75 | -15.7% |
4 Bedrooms | 105 | 101 | -3.8% |
5+ Bedrooms | 60 | 71 | +18.3% |
Summary: The Lilburn 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 7.1%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
79 | 77 | -2.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 77 homes were sold or pending in Lilburn in May 2024, down by 2.5% month-over-month. Of the 74 sold homes, 43% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Lilburn, GA
How long does it take to sell a home in Lilburn, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 16 Days | -33.5% |
Summary: Homes in Lilburn had an average of 16 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 77 homes were sold in Lilburn; 81% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.