Is Lathemtown, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$695,000
$208/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lathemtown was $695,000 in March 2024, up 13.5% from last year, and the median price per square foot was $208.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $574.4K | $694.3K | +20.9% |
3 Bedrooms | $474.4K | $535K | +12.8% |
4 Bedrooms | $585K | $650K | +11.1% |
5+ Bedrooms | $739K | $874K | +18.3% |
Summary: Lathemtown housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.9%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 18.3%.
Median Sold Price Compared To Nearby Cities
Lathemtown | $612.3K | $695K | +13.5% |
Roswell-Alpharetta | $625.7K | $674.7K | +7.8% |
Milton | $838.2K | $885K | +5.6% |
Silver City | $505K | $525.1K | +4.0% |
Housing Supply in Lathemtown, GA
How many homes are available in Lathemtown, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
175 | 202 | +15.4% |
Summary: The Lathemtown real estate market had 202 homes for sale in March 2024, a 15.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 48 | 53 | +10.4% |
5+ Bedrooms | 88 | 105 | +19.3% |
Summary: The Lathemtown housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 19.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 39 | +50.0% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 39 homes were sold or pending in Lathemtown in March 2024, up by 50.0% month-over-month. Of the 39 sold homes, 56% were sold under asking, 28% were sold at asking, and 15% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
58 Days | 32 Days | -44.3% |
Summary: Homes in Lathemtown had an average of 32 days on market in Mar 2024, down by 44.3% compared to last year.
Breakdown of Home Sale Times
30 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During March 2024, 39 homes were sold in Lathemtown; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.