Is Lathemtown, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lathemtown is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Lathemtown was a Seller's Market.

Key Takeaway

Lathemtown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Lathemtown, GA cost?

Median Sold Price

$600,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$88,741(+17.4%)

Key Takeaway

Homes in Lathemtown have sold for 17.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $215K-
N/A
2 $352.6K$299.9K
-15.0%
3 $390K$455K
+16.7%
4 $475K$587.5K
+23.7%
5+ $650K$720K
+10.8%

Median Sold Price Compared To Nearby Cities

Silver City
+26.9%
Lathemtown
+17.4%
Roswell-Alpharetta
+16.9%
Milton
+11.2%

How many homes are available in Lathemtown, GA?

Number of Homes For Sale

Oct 2022Nov 2022%
169173+2.4%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 33
0.0%
3 3947
+20.5%
4 5757
0.0%
5+ 7066
-5.7%

Number of Homes Sold

Oct 2022Nov 2022%
2819-32.1%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lathemtown, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
45 Days19 Days-58.5%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lathemtown are selling fast, if you're buying plan to act quickly.

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

About Lathemtown, GA

Homes for sale in Lathemtown, GA have reached 173. Between October 2022 and November 2022, Lathemtown, GA real estate market has seen increase in the number of listings by 2.4%. While the average time on the market in November 2022 was 19 days, the median list price was $600,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties went down by 15%, prices of 3 bedrooms properties went up by 16.7%, the cost of 4 bedrooms properties went up by 23.7%, prices of 5 bedrooms properties went up by 10.8%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory did not change, number of 3 bedrooms homes increased by 20.5%, the quantity of 4 bedrooms homes have not changed, 5 bedrooms homes inventory decreased by 5.7%. Over 2 listings were sold over their listed price in November 2022 in Lathemtown, GA. In the same period over 11 listings were sold below the listed price and 4 listings were sold for the listed price.

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