Is Lithonia, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lithonia is a seller's market

Buyer's
Market

Difference Since February 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

$268,130

$144/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$9,998(-3.6%)

Key Takeaway

Homes in Lithonia have sold for 3.6% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 -$45K
N/A
2 $180K$179.5K
-0.3%
3 $265.3K$259K
-2.4%
4 $320K$314.6K
-1.7%
5+ $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 2024Feb 2024CHANGE
495539+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

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 5559
+7.3%
3 244287
+17.6%
4 134134
0.0%
5+ 6158
-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 2024Feb 2024CHANGE
8895+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lithonia, you may be able to get a good deal. 51.9% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
43 Days39 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lithonia are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Lithonia, GA

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