Is Lithia Springs, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lithia Springs is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Lithia Springs was a Seller's Market.

Key Takeaway

Lithia Springs is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Lithia Springs, GA

How much do homes in Lithia Springs, GA cost?

Median Sold Price

$287,500

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$12,000(-4.0%)

Key Takeaway

Homes in Lithia Springs have sold for 4% less than they did a year ago.

Summary: The median home sold price in Lithia Springs was $287,500 in May 2024, down 4% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $129.9K-
N/A
2 $192.5K$215K
+11.7%
3 $275K$257K
-6.5%
4 $350.8K$325K
-7.4%
5+ $397K$430.5K
+8.4%

Summary: Lithia Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 8.4%.

Median Sold Price Compared To Nearby Cities

Mableton
+5.9%
Douglasville
+2.2%
Douglasville-Lithia Springs
+1.1%
Lithia Springs
-4.0%

Housing Supply in Lithia Springs, GA

How many homes are available in Lithia Springs, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
98105+7.1%

Summary: The Lithia Springs real estate market had 105 homes for sale in May 2024, a 7.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3949
+25.6%
4 3026
-13.3%
5+ 2223
+4.5%

Summary: The Lithia Springs housing inventory by bedroom type for May 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 25.6%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2216-27.3%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lithia Springs, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 16 homes were sold or pending in Lithia Springs in May 2024, down by 27.3% month-over-month. Of the 16 sold homes, 75% were sold under asking, 6% were sold at asking, and 19% were sold over asking.

Days on Market for Lithia Springs, GA

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

Average Sale Time

May 2023May 2024CHANGE
35 Days42 Days+18.9%

Summary: Homes in Lithia Springs had an average of 42 days on market in May 2024, up by 18.9% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 16 homes were sold in Lithia Springs; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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 13 Days Ago

Newest Listings in Lithia Springs, GA

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