Is Lula, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lula has remained a Seller's Market.
Key Takeaway
Lula is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lula, GA
How much do homes in Lula, GA cost?
Median Sold Price
$325,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lula have sold for 12.1% more than they did a year ago.
Summary: The median home sold price in Lula was $325,000 in March 2024, up 12.1% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224.4K | $327.5K | +45.9% |
| 3 Bedrooms | $280K | $280K | 0.0% |
| 4 Bedrooms | $309.9K | $359.9K | +16.1% |
| 5+ Bedrooms | $353.5K | $650K | +83.9% |
Summary: Lula 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 increased by 45.9%, 3 bedroom homes did not change, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes increased by 83.9%.
Housing Supply in Lula, GA
How many homes are available in Lula, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 50 | +6.4% |
Summary: The Lula real estate market had 50 homes for sale in March 2024, a 6.4% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 27 | 30 | +11.1% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 3 | 7 | +133.3% |
Summary: The Lula 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 25%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 133.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lula, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Lula in March 2024, up by 25.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Lula, GA
How long does it take to sell a home in Lula, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 24 Days | 47 Days | +93.8% |
Summary: Homes in Lula had an average of 47 days on market in Mar 2024, up by 93.8% 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 Lula are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Lula; 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.