Is Douglasville-Lithia Springs, GA 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, Douglasville-Lithia Springs has remained a Seller's Market.
Key Takeaway
Douglasville-Lithia Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglasville-Lithia Springs, GA
How much do homes in Douglasville-Lithia Springs, GA cost?
Median Sold Price
$295,625
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Douglasville-Lithia Springs have sold for 1.5% less than they did a year ago.
Summary: The median home sold price in Douglasville-Lithia Springs was $295,625 in March 2024, down 1.5% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $220K | - | N/A |
| 2 Bedrooms | $180K | $180K | 0.0% |
| 3 Bedrooms | $270.1K | $260K | -3.8% |
| 4 Bedrooms | $331.7K | $331.5K | -0.1% |
| 5+ Bedrooms | $400K | $445.4K | +11.4% |
Summary: Douglasville-Lithia Springs 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 did not change, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 11.4%.
Median Sold Price Compared To Nearby Cities
| Bill Arp | $317.2K | $323K | +1.8% |
| Douglasville | $319.8K | $324.1K | +1.3% |
| Austell | $300K | $302.4K | +0.8% |
| Douglasville-Lithia Springs | $299.9K | $295.6K | -1.5% |
| Lithia Springs | $300K | $280K | -6.7% |
Housing Supply in Douglasville-Lithia Springs, GA
How many homes are available in Douglasville-Lithia Springs, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 339 | 378 | +11.5% |
Summary: The Douglasville-Lithia Springs real estate market had 378 homes for sale in March 2024, a 11.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 13 | 14 | +7.7% |
| 3 Bedrooms | 138 | 150 | +8.7% |
| 4 Bedrooms | 116 | 136 | +17.2% |
| 5+ Bedrooms | 70 | 76 | +8.6% |
Summary: The Douglasville-Lithia Springs 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 7.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 8.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 87 | 70 | -19.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglasville-Lithia Springs, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.
Summary: A total of 70 homes were sold or pending in Douglasville-Lithia Springs in March 2024, down by 19.5% month-over-month. Of the 67 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% were sold over asking.
Days on Market for Douglasville-Lithia Springs, GA
How long does it take to sell a home in Douglasville-Lithia Springs, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 51 Days | +34.7% |
Summary: Homes in Douglasville-Lithia Springs had an average of 51 days on market in Mar 2024, up by 34.7% compared to last year.
Breakdown of Home Sale Times
34 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglasville-Lithia Springs are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 70 homes were sold in Douglasville-Lithia Springs; 49% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.