Is Lavonia, 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, Lavonia has remained a Seller's Market.
Housing Prices in Lavonia, GA
How much do homes in Lavonia, GA cost?
Median Sold Price
$275,000
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lavonia was $275,000 in March 2024, up 19.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | - | N/A |
2 Bedrooms | $160.2K | $169.5K | +5.8% |
3 Bedrooms | $220K | $281K | +27.7% |
4 Bedrooms | $324.5K | $360K | +10.9% |
5+ Bedrooms | $805K | $420K | -47.8% |
Summary: Lavonia 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 5.8%, 3 bedroom homes increased by 27.7%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes decreased by 47.8%.
Median Sold Price Compared To Nearby Cities
Lavonia | $230K | $275K | +19.6% |
Canon | $225K | $234.9K | +4.4% |
Martin | $330K | $318.5K | -3.5% |
Housing Supply in Lavonia, GA
How many homes are available in Lavonia, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 59 | +20.4% |
Summary: The Lavonia real estate market had 59 homes for sale in March 2024, a 20.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 25 | 32 | +28.0% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Lavonia 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 increased by 14.3%, 3 bedroom homes increased by 28%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Lavonia in March 2024, up by 150.0% month-over-month. Of the 10 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Lavonia, GA
How long does it take to sell a home in Lavonia, GA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 68 Days | -11.5% |
Summary: Homes in Lavonia had an average of 68 days on market in Mar 2024, down by 11.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Lavonia; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.