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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lilburn is a seller's market

Buyer's
Market

Difference Since November 2022

At the same time last year, Lilburn was a Neutral Market.

Key Takeaway

Lilburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Lilburn, GA

How much do homes in Lilburn, GA cost?

Median Sold Price

$398,390

$170/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2022

+$18,390(+4.8%)

Key Takeaway

Homes in Lilburn have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Lilburn was $398,390 in November 2023, up 4.8% from last year, and the median price per square foot was $170.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 --
N/A
2 $227.5K$360K
+58.2%
3 $331.1K$360K
+8.7%
4 $410K$415K
+1.2%
5+ $575K$527.5K
-8.3%

Summary: Lilburn housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 58.2%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 8.3%.

Housing Supply in Lilburn, GA

How many homes are available in Lilburn, GA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
227193-15.0%

Summary: The Lilburn real estate market had 193 homes for sale in November 2023, a 15.0% decrease compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 11
0.0%
2 1515
0.0%
3 6755
-17.9%
4 8977
-13.5%
5+ 5545
-18.2%

Summary: The Lilburn housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 17.9%, 4 bedroom homes decreased by 13.5%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE
8256-31.7%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lilburn, you may be able to get a good deal. 45.1% of homes here sold below asking price last month.

Summary: A total of 56 homes were sold or pending in Lilburn in November 2023, down by 31.7% month-over-month. Of the 51 sold homes, 45% were sold under asking, 33% were sold at asking, and 22% were sold over asking.

Days on Market for Lilburn, GA

How long does it take to sell a home in Lilburn, GA?

Average Sale Time

Nov 2022Nov 2023CHANGE
18 Days23 Days+26.3%

Summary: Homes in Lilburn had an average of 23 days on market in Nov 2023, up by 26.3% compared to last year.

Breakdown of Home Sale Times

43 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 56 homes were sold in Lilburn; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 7 Days Ago

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