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 June 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
$299,857
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Douglasville-Lithia Springs have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Douglasville-Lithia Springs was $299,857 in June 2024, up 1.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.7K | - | N/A |
| 2 Bedrooms | $176K | $210K | +19.3% |
| 3 Bedrooms | $266K | $258.9K | -2.7% |
| 4 Bedrooms | $330K | $345K | +4.5% |
| 5+ Bedrooms | $403.5K | $442K | +9.5% |
Summary: Douglasville-Lithia Springs housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.3%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 9.5%.
Median Sold Price Compared To Nearby Cities
| Bill Arp | $316K | $324.5K | +2.7% |
| Douglasville-Lithia Springs | $294.4K | $299.8K | +1.8% |
| Douglasville | $319.6K | $324.9K | +1.7% |
| Austell | $300K | $304.2K | +1.4% |
| Lithia Springs | $289.6K | $290K | 0.1% |
Housing Supply in Douglasville-Lithia Springs, GA
How many homes are available in Douglasville-Lithia Springs, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 438 | 460 | +5.0% |
Summary: The Douglasville-Lithia Springs real estate market had 460 homes for sale in June 2024, a 5.0% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 27 | +28.6% |
| 3 Bedrooms | 183 | 192 | +4.9% |
| 4 Bedrooms | 156 | 158 | +1.3% |
| 5+ Bedrooms | 78 | 83 | +6.4% |
Summary: The Douglasville-Lithia Springs housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 91 | 89 | -2.2% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglasville-Lithia Springs, expect to pay close to the asking price. 40.7% of homes here sold near the asking price last month.
Summary: A total of 89 homes were sold or pending in Douglasville-Lithia Springs in June 2024, down by 2.2% month-over-month. Of the 86 sold homes, 31% were sold under asking, 41% were sold at asking, and 28% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 24 Days | 32 Days | +32.1% |
Summary: Homes in Douglasville-Lithia Springs had an average of 32 days on market in Jun 2024, up by 32.1% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
6 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 June 2024, 89 homes were sold in Douglasville-Lithia Springs; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% 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.