Is Lithia Springs, 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, Lithia Springs has remained a Seller's Market.
Housing Prices in Lithia Springs, GA
How much do homes in Lithia Springs, GA cost?
Median Sold Price
$280,000
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lithia Springs was $280,000 in March 2024, down 6.7% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $129.9K | - | N/A |
2 Bedrooms | $200K | $196.9K | -1.6% |
3 Bedrooms | $280K | $256.2K | -8.5% |
4 Bedrooms | $328K | $302.5K | -7.8% |
5+ Bedrooms | $397K | $430.5K | +8.4% |
Summary: Lithia Springs 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 decreased by 1.6%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 7.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
Mableton | $336.8K | $352.7K | +4.7% |
Douglasville | $319.8K | $324.1K | +1.3% |
Douglasville-Lithia Springs | $299.9K | $295.6K | -1.5% |
Lithia Springs | $300K | $280K | -6.7% |
Housing Supply in Lithia Springs, GA
How many homes are available in Lithia Springs, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 98 | +12.6% |
Summary: The Lithia Springs real estate market had 98 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 8 | +100.0% |
3 Bedrooms | 35 | 39 | +11.4% |
4 Bedrooms | 31 | 31 | 0.0% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Lithia Springs 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 100%, 3 bedroom homes increased by 11.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
24 | 24 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Lithia Springs in March 2024, the same as the previous month. Of the 24 sold homes, 50% were sold under asking, 21% were sold at asking, and 29% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
48 Days | 52 Days | +8.9% |
Summary: Homes in Lithia Springs had an average of 52 days on market in Mar 2024, up by 8.9% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Lithia Springs; 38% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.