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 September 2023

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.

Housing Prices in Stone Mountain, GA

How much do homes in Stone Mountain, GA cost?

Median Sold Price

$290,052

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$5,219(+1.8%)

Key Takeaway

Homes in Stone Mountain have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Stone Mountain was $290,052 in September 2024, up 1.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $101.5K$110K
+8.4%
2 $175K$190K
+8.6%
3 $270.4K$271.8K
0.5%
4 $315K$329.7K
+4.7%
5+ $394.9K$411K
+4.1%

Summary: Stone Mountain housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes increased by 4.1%.

Housing Supply in Stone Mountain, GA

How many homes are available in Stone Mountain, GA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
619681+10.0%

Summary: The Stone Mountain real estate market had 681 homes for sale in September 2024, a 10.0% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 11
0.0%
2 7477
+4.1%
3 261285
+9.2%
4 192216
+12.5%
5+ 91102
+12.1%

Summary: The Stone Mountain housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 9.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 12.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
95118+24.2%

Asking Price vs. Sold Price

46 Homes Were Sold
Under Asking

36 Homes Were Sold
At Asking

28 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Mountain, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.

Summary: A total of 118 homes were sold or pending in Stone Mountain in September 2024, up by 24.2% month-over-month. Of the 110 sold homes, 42% were sold under asking, 33% were sold at asking, and 25% were sold over asking.

Days on Market for Stone Mountain, GA

How long does it take to sell a home in Stone Mountain, GA?

Average Sale Time

Sep 2023Sep 2024CHANGE
20 Days34 Days+68.7%

Summary: Homes in Stone Mountain had an average of 34 days on market in Sep 2024, up by 68.7% compared to last year.

Breakdown of Home Sale Times

71 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

12 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.

Summary: During September 2024, 118 homes were sold in Stone Mountain; 60% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 10% 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 30 Days Ago

Newest Listings in Stone Mountain, GA

Nearby Markets to Stone Mountain, GA