Is Douglasville-Lithia Springs, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglasville-Lithia Springs is a seller's market

Buyer's
Market

Difference Since May 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

$299,836

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$3,269(+1.1%)

Key Takeaway

Homes in Douglasville-Lithia Springs have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Douglasville-Lithia Springs was $299,836 in May 2024, up 1.1% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $179.7K-
N/A
2 $175K$196.9K
+12.5%
3 $264.3K$259.9K
-1.7%
4 $335K$341.3K
+1.9%
5+ $400K$442K
+10.5%

Summary: Douglasville-Lithia Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 10.5%.

Median Sold Price Compared To Nearby Cities

Bill Arp
+2.8%
Douglasville
+2.2%
Douglasville-Lithia Springs
+1.1%
Austell
+0.8%
Lithia Springs
-4.0%

Housing Supply in Douglasville-Lithia Springs, GA

How many homes are available in Douglasville-Lithia Springs, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
386453+17.4%

Summary: The Douglasville-Lithia Springs real estate market had 453 homes for sale in May 2024, a 17.4% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2226
+18.2%
3 154189
+22.7%
4 142154
+8.5%
5+ 6884
+23.5%

Summary: The Douglasville-Lithia Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 23.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
8581-4.7%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglasville-Lithia Springs, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Douglasville-Lithia Springs in May 2024, down by 4.7% month-over-month. Of the 77 sold homes, 48% were sold under asking, 32% were sold at asking, and 19% 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

May 2023May 2024CHANGE
39 Days42 Days+6.0%

Summary: Homes in Douglasville-Lithia Springs had an average of 42 days on market in May 2024, up by 6% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

23 Homes Were Sold
In 30 - 90 Days

12 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 81 homes were sold in Douglasville-Lithia Springs; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% 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 19 Days Ago

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