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

Housing Market Conditions



Gauge showing Lula is a seller's market


Difference Since May 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



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Lula have sold for 1.6% less than they did a year ago.

Summary: The median home sold price in Lula was $315,000 in May 2024, down 1.6% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 --
2 $300K$312.5K
3 $290K$289.9K
4 $365.9K$374.9K
5+ $441.7K$700K

Summary: Lula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 58.5%.

Housing Supply in Lula, GA

How many homes are available in Lula, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Lula real estate market had 45 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
2 10
3 2126
4 1011
5+ 88

Summary: The Lula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lula, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Lula in May 2024, up by 50.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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

May 2023May 2024CHANGE
22 Days42 Days+90.1%

Summary: Homes in Lula had an average of 42 days on market in May 2024, up by 90.1% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Lula; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 13 Days Ago

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