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.
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
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
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
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.