Is Lamar County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lamar County has remained a Seller's Market.
Key Takeaway
Lamar County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamar County, GA
How much do homes in Lamar County, GA cost?
Median Sold Price
$253,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lamar County have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Lamar County was $253,000 in April 2024, up 4.8% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154K | N/A |
| 2 Bedrooms | $76.7K | $134K | +74.7% |
| 3 Bedrooms | $235K | $248.9K | +5.9% |
| 4 Bedrooms | $303K | $304.9K | +0.6% |
| 5+ Bedrooms | $350K | $320K | -8.6% |
Summary: Lamar County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 74.7%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes decreased by 8.6%.
Median Sold Price Compared To Nearby Counties
| Pike County | $330K | $379K | +14.8% |
| Lamar County | $241.4K | $253K | +4.8% |
| Monroe County | $348.2K | $356K | +2.2% |
| Butts County | $275K | $280K | +1.8% |
| Spalding County | $249.8K | $250K | 0.1% |
Housing Supply in Lamar County, GA
How many homes are available in Lamar County, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 77 | 86 | +11.7% |
Summary: The Lamar County real estate market had 86 homes for sale in April 2024, a 11.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 8 | +33.3% |
| 3 Bedrooms | 42 | 40 | -4.8% |
| 4 Bedrooms | 22 | 30 | +36.4% |
| 5+ Bedrooms | 7 | 8 | +14.3% |
Summary: The Lamar County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 36.4%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 14 | 15 | +7.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamar County, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Lamar County in April 2024, up by 7.1% month-over-month. Of the 13 sold homes, 62% were sold under asking, 15% were sold at asking, and 23% were sold over asking.
Days on Market for Lamar County, GA
How long does it take to sell a home in Lamar County, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 10 Days | 41 Days | +294.0% |
Summary: Homes in Lamar County had an average of 41 days on market in Apr 2024, up by 294% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lamar County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 15 homes were sold in Lamar County; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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.