Is Lithonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Lithonia was a Seller's Market.
Key Takeaway
Lithonia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$270,000
$143/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since June 2023.
Key Takeaway
The sold price of homes in Lithonia has remained the same since last year.
Summary: The median home sold price in Lithonia was $270,000 in June 2024, the same as last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.5K | $68.7K | +47.8% |
| 2 Bedrooms | $175K | $177.9K | +1.7% |
| 3 Bedrooms | $259.9K | $255K | -1.9% |
| 4 Bedrooms | $315K | $309.5K | -1.7% |
| 5+ Bedrooms | $385K | $385K | 0.0% |
Summary: Lithonia housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes did not change.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 661 | 710 | +7.4% |
Summary: The Lithonia real estate market had 710 homes for sale in June 2024, a 7.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 63 | 72 | +14.3% |
| 3 Bedrooms | 342 | 382 | +11.7% |
| 4 Bedrooms | 171 | 183 | +7.0% |
| 5+ Bedrooms | 85 | 73 | -14.1% |
Summary: The Lithonia housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7%, and 5+ bedroom homes decreased by 14.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 139 | 94 | -32.4% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 39.5% of homes here sold below asking price last month.
Summary: A total of 94 homes were sold or pending in Lithonia in June 2024, down by 32.4% month-over-month. Of the 86 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Lithonia, GA
How long does it take to sell a home in Lithonia, GA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 34 Days | 40 Days | +18.7% |
Summary: Homes in Lithonia had an average of 40 days on market in Jun 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lithonia are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 94 homes were sold in Lithonia; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Classic MLS. Information deemed reliable but not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.