Is Stone Mountain, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Stone Mountain is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Stone Mountain has remained a Seller's Market.

Key Takeaway

Stone Mountain is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Stone Mountain, GA cost?

Median Sold Price

$242,523

$143/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$66,523(+37.8%)

Key Takeaway

Homes in Stone Mountain have sold for 37.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $88K-
N/A
2 $106K$146K
+37.7%
3 $193.5K$235.5K
+21.7%
4 $185K$266.5K
+44.1%
5+ $160K$280K
+75.0%

Median Sold Price Compared To Nearby Cities

Stone Mountain
+37.8%
Atlanta-Decatur
+13.3%

How many homes are available in Stone Mountain, GA?

Number of Homes For Sale

May 2022Jun 2022%
46460.0%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 11
0.0%
2 911
+22.2%
3 2325
+8.7%
4 106
-40.0%
5+ 33
0.0%

Number of Homes Sold

May 2022Jun 2022%
1415+7.1%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Mountain, you could pay more than the asking price. 61.5% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
11 Days23 Days+101.5%

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Stone Mountain, GA

Stone Mountain, GA has 46 homes on the market. While the average time on the market in June 2022 was 23 days, the median list price was $242,523. Between May 2022 and June 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 37.7%, prices of 3 bedrooms properties increased by 21.7%, the cost of 4 bedrooms properties went up by 44.1%, 5 bedrooms properties prices increased by 75%. Volume of homes for sale changed: 1 bedroom homes inventory did not change, 2 bedrooms homes became 22.2% more available, 3 bedrooms homes inventory increased by 8.7%, number of 4 bedrooms homes decreased by 40%, 5 bedrooms homes did not move. In June 2022, from all listings sold in Stone Mountain, GA there were more than 8 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price.

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