Is Lithonia, 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, Lithonia has remained a Seller's Market.
Housing Prices in Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$268,692
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lithonia was $268,692 in March 2024, down 2.3% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $68.7K | N/A |
2 Bedrooms | $171.5K | $182K | +6.1% |
3 Bedrooms | $265K | $255.1K | -3.7% |
4 Bedrooms | $317.9K | $310K | -2.5% |
5+ Bedrooms | $395.4K | $385K | -2.7% |
Summary: Lithonia 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 increased by 6.1%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 2.7%.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
508 | 569 | +12.0% |
Summary: The Lithonia real estate market had 569 homes for sale in March 2024, a 12.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 56 | 60 | +7.1% |
3 Bedrooms | 266 | 298 | +12.0% |
4 Bedrooms | 125 | 137 | +9.6% |
5+ Bedrooms | 60 | 73 | +21.7% |
Summary: The Lithonia 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 7.1%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 21.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
99 | 107 | +8.1% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 107 homes were sold or pending in Lithonia in March 2024, up by 8.1% month-over-month. Of the 95 sold homes, 42% were sold under asking, 21% were sold at asking, and 37% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
37 Days | 55 Days | +46.0% |
Summary: Homes in Lithonia had an average of 55 days on market in Mar 2024, up by 46% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
36 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 107 homes were sold in Lithonia; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.