Is Lovejoy, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lovejoy has remained a Seller's Market.
Housing Prices in Lovejoy, GA
How much do homes in Lovejoy, GA cost?
Median Sold Price
$303,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lovejoy was $303,000 in June 2024, down 6.6% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $204.5K | $195K | -4.6% |
3 Bedrooms | $243K | $265K | +9.1% |
4 Bedrooms | $329.9K | $317.9K | -3.6% |
5+ Bedrooms | $350K | $353.5K | +1.0% |
Summary: Lovejoy housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes increased by 1%.
Housing Supply in Lovejoy, GA
How many homes are available in Lovejoy, GA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
106 | 106 | 0.0% |
Summary: The Lovejoy real estate market had 106 homes for sale in June 2024, the same as May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 1 | -66.7% |
3 Bedrooms | 49 | 47 | -4.1% |
4 Bedrooms | 42 | 46 | +9.5% |
5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Lovejoy housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
15 | 22 | +46.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Lovejoy in June 2024, up by 46.7% month-over-month. Of the 20 sold homes, 25% were sold under asking, 60% were sold at asking, and 15% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
115 Days | 53 Days | -53.2% |
Summary: Homes in Lovejoy had an average of 53 days on market in Jun 2024, down by 53.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Lovejoy; 41% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.