Is Lithia, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lithia is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Lithia has remained a Seller's Market.

Key Takeaway

Lithia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lithia, FL cost?

Median Sold Price

$490,166

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$98,366(+25.1%)

Key Takeaway

Homes in Lithia have sold for 25.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 --
N/A
2 $187.7K$257.5K
+37.2%
3 $295K$379.9K
+28.8%
4 $430K$555.5K
+29.2%
5+ $570K$815K
+43.0%

Median Sold Price Compared To Nearby Cities

Wimauma-Riverview
+28.9%
Brandon
+27.8%
Valrico
+26.3%
Lithia
+25.1%

How many homes are available in Lithia, FL?

Number of Homes For Sale

Jul 2022Aug 2022%
130118-9.2%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 813
+62.5%
3 3635
-2.8%
4 6953
-23.2%
5+ 1717
0.0%

Number of Homes Sold

Jul 2022Aug 2022%
4833-31.3%

Asking Price vs. Sold Price

20 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lithia, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
15 Days19 Days+27.0%

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lithia are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Lithia, FL

Homes for sale in Lithia, FL have reached 118. The inventory of homes for sale in Lithia, FL between July 2022 and August 2022 decreased by 9.2%. In August 2022, listings were on the market for 19 days. During the same period, the median list price in this real estate market was $490,166. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 37.2%, the cost of 3 bedrooms properties went up by 28.8%, the cost of 4 bedrooms properties went up by 29.2%, the cost of 5 bedrooms properties went up by 43%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, number of 2 bedrooms homes increased by 62.5%, volume of 3 bedrooms homes went down by 2.8%, number of 4 bedrooms homes decreased by 23.2%, 5 bedrooms homes did not move. Lithia, FL housing market in August 2022 saw over 5 listings sold above listed price, more than 8 sold at listed price and over 20 sold below.

Related Housing Market Reports