Is Morningside / Lenox Park, 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, Morningside / Lenox Park was a Seller's Market.
Key Takeaway
Morningside / Lenox Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Morningside / Lenox Park, GA
How much do homes in Morningside / Lenox Park, GA cost?
Median Sold Price
$977,500
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Morningside / Lenox Park have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Morningside / Lenox Park was $977,500 in March 2024, up 2.4% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246.7K | $266K | +7.8% |
| 2 Bedrooms | $445K | $447K | 0.4% |
| 3 Bedrooms | $810K | $741K | -8.5% |
| 4 Bedrooms | $1.0M | $1.1M | +12.5% |
| 5+ Bedrooms | $1.8M | $1.8M | +3.2% |
Summary: Morningside / Lenox Park housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.8%, 2 bedroom homes increased by 0.4%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Morningside / Lenox Park, GA
How many homes are available in Morningside / Lenox Park, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 50 | 72 | +44.0% |
Summary: The Morningside / Lenox Park real estate market had 72 homes for sale in March 2024, a 44.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 13 | +160.0% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 17 | 24 | +41.2% |
Summary: The Morningside / Lenox Park housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 160%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes increased by 41.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Morningside / Lenox Park, 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 Morningside / Lenox Park in March 2024, up by 42.9% month-over-month. Of the 9 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Morningside / Lenox Park, GA
How long does it take to sell a home in Morningside / Lenox Park, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 26 Days | 20 Days | -24.4% |
Summary: Homes in Morningside / Lenox Park had an average of 20 days on market in Mar 2024, down by 24.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Morningside / Lenox Park are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 10 homes were sold in Morningside / Lenox Park; 70% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 0% 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.