Is Lovejoy, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Lovejoy was a Seller's Market.
Housing Prices in Lovejoy, GA
How much do homes in Lovejoy, GA cost?
Median Sold Price
$308,000
$145/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Lovejoy was $308,000 in February 2024, down 2.2% from last year, and the median price per square foot was $145.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215.5K | $190K | -11.8% |
3 Bedrooms | $237K | $257.5K | +8.6% |
4 Bedrooms | $324K | $320.2K | -1.2% |
5+ Bedrooms | $346.5K | $354K | +2.2% |
Summary: Lovejoy 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 11.8%, 3 bedroom homes increased by 8.6%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Lovejoy, GA
How many homes are available in Lovejoy, GA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
55 | 67 | +21.8% |
Summary: The Lovejoy real estate market had 67 homes for sale in February 2024, a 21.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 26 | 31 | +19.2% |
4 Bedrooms | 21 | 28 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lovejoy 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 decreased by 25%, 3 bedroom homes increased by 19.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
7 | 9 | +28.6% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Lovejoy in February 2024, up by 28.6% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
79 Days | 145 Days | +83.0% |
Summary: Homes in Lovejoy had an average of 145 days on market in Feb 2024, up by 83% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During February 2024, 9 homes were sold in Lovejoy; 22% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.