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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lovejoy is a seller's market

Buyer's
Market

Difference Since April 2021

Since last year, Lovejoy has remained a Seller's Market.

Key Takeaway

Lovejoy is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Lovejoy, GA cost?

Median Sold Price

$258,000

$124/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$47,790(+22.7%)

Key Takeaway

Homes in Lovejoy have sold for 22.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $157.4K$177K
+12.4%
3 $208.9K$220K
+5.3%
4 $212K$295K
+39.2%
5+ $237.4K$305K
+28.5%

How many homes are available in Lovejoy, GA?

Number of Homes For Sale

Mar 2022Apr 2022%
6061+1.7%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 10
-100.0%
3 2017
-15.0%
4 3236
+12.5%
5+ 78
+14.3%

Number of Homes Sold

Mar 2022Apr 2022%
1917-10.5%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lovejoy, you could pay more than the asking price. 93.3% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
13 Days8 Days-34.4%

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Lovejoy, GA

There are 61 homes are for sale in Lovejoy, GA real estate market. In April 2022 in Lovejoy, GA there were 1.7% more homes for sale than in March 2022. Listings spent 8 days on the market in April 2022, and had a median list price of $258,000 during the same period. Listing prices have changed in this real estate market between March 2022 and April 2022: 1 bedroom properties prices increased by 0%, prices of 2 bedrooms properties increased by 12.4%, 3 bedrooms properties became 5.3% more expensive, 4 bedrooms properties became 39.2% more expensive, the cost of 5 bedrooms properties went up by 28.5%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, number of 2 bedrooms homes decreased by 100%, the quantity of 3 bedrooms homes went down by 15%, 4 bedrooms homes became 12.5% more available, 5 bedrooms homes inventory increased by 14.3%. In April 2022, from all listings sold in Lovejoy, GA there were more than 14 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price.