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 October 2023

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

$550,000

$228/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$23,000(+4.4%)

Key Takeaway

Homes in Lithia have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Lithia was $550,000 in October 2024, up 4.4% from last year, and the median price per square foot was $228.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $282.5K$272K
-3.7%
3 $382.5K$412.5K
+7.8%
4 $599.9K$575K
-4.2%
5+ $861K$690.6K
-19.8%

Summary: Lithia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.7%, 3 bedroom homes increased by 7.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes decreased by 19.8%.

Median Sold Price Compared To Nearby Cities

Lithia
+4.4%
Wimauma-Riverview
+2.5%
Valrico
+1.2%
Brandon
0.5%

Housing Supply in Lithia, FL

How many homes are available in Lithia, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
187142-24.1%

Summary: The Lithia real estate market had 142 homes for sale in October 2024, a 24.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1411
-21.4%
3 3228
-12.5%
4 8359
-28.9%
5+ 5844
-24.1%

Summary: The Lithia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 21.4%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 28.9%, and 5+ bedroom homes decreased by 24.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5529-47.3%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

1 Home Was 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. 62.1% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Lithia in October 2024, down by 47.3% month-over-month. Of the 29 sold homes, 62% were sold under asking, 34% were sold at asking, and 3% 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

Oct 2023Oct 2024CHANGE
51 Days57 Days+10.0%

Summary: Homes in Lithia had an average of 57 days on market in Oct 2024, up by 10% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Lithia has remained consistent over time.

Summary: During October 2024, 29 homes were sold in Lithia; 38% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

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

Report Updated 4 Days Ago

Newest Listings in Lithia, FL

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