Is Lithonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$268,130
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lithonia was $268,130 in February 2024, down 3.6% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $45K | N/A |
2 Bedrooms | $180K | $179.5K | -0.3% |
3 Bedrooms | $265.3K | $259K | -2.4% |
4 Bedrooms | $320K | $314.6K | -1.7% |
5+ Bedrooms | $373K | $390K | +4.6% |
Summary: Lithonia housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 4.6%.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
495 | 539 | +8.9% |
Summary: The Lithonia real estate market had 539 homes for sale in February 2024, a 8.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 55 | 59 | +7.3% |
3 Bedrooms | 244 | 287 | +17.6% |
4 Bedrooms | 134 | 134 | 0.0% |
5+ Bedrooms | 61 | 58 | -4.9% |
Summary: The Lithonia housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 17.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 4.9%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
88 | 95 | +8.0% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in Lithonia in February 2024, up by 8.0% month-over-month. Of the 81 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
43 Days | 39 Days | -8.1% |
Summary: Homes in Lithonia had an average of 39 days on market in Feb 2024, down by 8.1% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During February 2024, 95 homes were sold in Lithonia; 51% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.