Is Lithia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lithia has remained a Seller's Market.
Housing Prices in Lithia, FL
How much do homes in Lithia, FL cost?
Median Sold Price
$525,000
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lithia was $525,000 in March 2024, down 1.2% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $273.5K | $288K | +5.3% |
3 Bedrooms | $381K | $389.9K | +2.3% |
4 Bedrooms | $603.5K | $585K | -3.1% |
5+ Bedrooms | $812.5K | $990K | +21.8% |
Summary: Lithia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 21.8%.
Median Sold Price Compared To Nearby Cities
Brandon | $364.9K | $369.9K | +1.4% |
Valrico | $424.6K | $425K | 0.1% |
Lithia | $531.2K | $525K | -1.2% |
Wimauma-Riverview | $414.9K | $404.9K | -2.4% |
Housing Supply in Lithia, FL
How many homes are available in Lithia, FL?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
115 | 138 | +20.0% |
Summary: The Lithia real estate market had 138 homes for sale in March 2024, a 20.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 6 | +50.0% |
3 Bedrooms | 42 | 42 | 0.0% |
4 Bedrooms | 55 | 67 | +21.8% |
5+ Bedrooms | 13 | 22 | +69.2% |
Summary: The Lithia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 21.8%, and 5+ bedroom homes increased by 69.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
17 | 24 | +41.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lithia in March 2024, up by 41.2% month-over-month. Of the 24 sold homes, 67% were sold under asking, 21% were sold at asking, and 13% were sold over asking.
Days on Market for Lithia, FL
How long does it take to sell a home in Lithia, FL?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 48 Days | -10.7% |
Summary: Homes in Lithia had an average of 48 days on market in Mar 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Lithia; 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.