Is Lithia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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.
Housing Prices in Lithia, FL
How much do homes in Lithia, FL cost?
Median Sold Price
$527,500
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Lithia have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lithia was $527,500 in November 2023, up 2.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $268.5K | $285K | +6.1% |
| 3 Bedrooms | $385K | $389.5K | +1.2% |
| 4 Bedrooms | $585K | $599K | +2.4% |
| 5+ Bedrooms | $850K | $900K | +5.9% |
Summary: Lithia housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
| Brandon | $359.9K | $369.2K | +2.6% |
| Lithia | $515K | $527.5K | +2.4% |
| Valrico | $424.3K | $420K | -1.0% |
| Wimauma-Riverview | $410.1K | $401.2K | -2.2% |
Housing Supply in Lithia, FL
How many homes are available in Lithia, FL?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 123 | 109 | -11.4% |
Summary: The Lithia real estate market had 109 homes for sale in November 2023, a 11.4% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 8 | 4 | -50.0% |
| 3 Bedrooms | 36 | 33 | -8.3% |
| 4 Bedrooms | 59 | 56 | -5.1% |
| 5+ Bedrooms | 20 | 16 | -20.0% |
Summary: The Lithia housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes decreased by 5.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithia, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.
Summary: A total of 24 homes were sold or pending in Lithia in November 2023, up by 4.3% month-over-month. Of the 24 sold homes, 54% were sold under asking, 21% were sold at asking, and 25% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 47 Days | +49.1% |
Summary: Homes in Lithia had an average of 47 days on market in Nov 2023, up by 49.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lithia are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 24 homes were sold in Lithia; 50% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Copyright 2023 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.