Is Lilburn, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $227.5K | $360K | +58.2% |
| 3 Bedrooms | $331.1K | $360K | +8.7% |
| 4 Bedrooms | $410K | $415K | +1.2% |
| 5+ Bedrooms | $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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 227 | 193 | -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
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 67 | 55 | -17.9% |
| 4 Bedrooms | 89 | 77 | -13.5% |
| 5+ Bedrooms | 55 | 45 | -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 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 82 | 56 | -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
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 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 18 Days | 23 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
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.
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.