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.
Key Takeaway
Lithonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
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
Key Takeaway
Homes in Lithonia have sold for 2.3% less than they did a year ago.
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
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.
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
Key Takeaway
Many homes in Lithonia are selling fast, if you're buying plan to act quickly.
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.
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.