Is Lathemtown, 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, Lathemtown has remained a Seller's Market.
Housing Prices in Lathemtown, GA
How much do homes in Lathemtown, GA cost?
Median Sold Price
$698,763
$210/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lathemtown was $698,763 in June 2024, up 9.2% from last year, and the median price per square foot was $210.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $673.7K | $641K | -4.8% |
3 Bedrooms | $475K | $543.9K | +14.5% |
4 Bedrooms | $610K | $659.5K | +8.1% |
5+ Bedrooms | $777.5K | $847.1K | +9.0% |
Summary: Lathemtown 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 decreased by 4.8%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 9%.
Median Sold Price Compared To Nearby Cities
Milton | $818.3K | $931K | +13.8% |
Roswell-Alpharetta | $627K | $700K | +11.6% |
Silver City | $490K | $541.7K | +10.6% |
Lathemtown | $639.9K | $698.7K | +9.2% |
Housing Supply in Lathemtown, GA
How many homes are available in Lathemtown, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
239 | 249 | +4.2% |
Summary: The Lathemtown real estate market had 249 homes for sale in June 2024, a 4.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 11 | 15 | +36.4% |
3 Bedrooms | 44 | 41 | -6.8% |
4 Bedrooms | 60 | 60 | 0.0% |
5+ Bedrooms | 122 | 130 | +6.6% |
Summary: The Lathemtown housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 36.4%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
49 | 46 | -6.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 46 homes were sold or pending in Lathemtown in June 2024, down by 6.1% month-over-month. Of the 43 sold homes, 56% were sold under asking, 21% were sold at asking, and 23% were sold over asking.
Days on Market for Lathemtown, GA
How long does it take to sell a home in Lathemtown, GA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
42 Days | 20 Days | -50.3% |
Summary: Homes in Lathemtown had an average of 20 days on market in Jun 2024, down by 50.3% compared to last year.
Breakdown of Home Sale Times
37 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 46 homes were sold in Lathemtown; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.