Is Lovejoy, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Lovejoy was a Seller's Market.
Key Takeaway
Lovejoy is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lovejoy, GA
How much do homes in Lovejoy, GA cost?
Median Sold Price
$305,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lovejoy have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Lovejoy was $305,000 in March 2024, down 3.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224K | $185K | -17.4% |
| 3 Bedrooms | $235K | $230K | -2.1% |
| 4 Bedrooms | $324K | $325K | 0.3% |
| 5+ Bedrooms | $349K | $353.4K | +1.3% |
Summary: Lovejoy 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 decreased by 17.4%, 3 bedroom homes decreased by 2.1%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.3%.
Housing Supply in Lovejoy, GA
How many homes are available in Lovejoy, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 65 | 77 | +18.5% |
Summary: The Lovejoy real estate market had 77 homes for sale in March 2024, a 18.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 27 | 33 | +22.2% |
| 4 Bedrooms | 30 | 36 | +20.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Lovejoy 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 decreased by 33.3%, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 10 | -9.1% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Lovejoy, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in Lovejoy in March 2024, down by 9.1% month-over-month. Of the 9 sold homes, 22% were sold under asking, 67% were sold at asking, and 11% were sold over asking.
Days on Market for Lovejoy, GA
How long does it take to sell a home in Lovejoy, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 84 Days | +156.9% |
Summary: Homes in Lovejoy had an average of 84 days on market in Mar 2024, up by 156.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lovejoy are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Lovejoy; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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.