Is Stone Mountain, 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, Stone Mountain has remained a Seller's Market.
Housing Prices in Stone Mountain, GA
How much do homes in Stone Mountain, GA cost?
Median Sold Price
$285,069
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Stone Mountain was $285,069 in March 2024, up 0.1% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $85K | $110K | +29.4% |
2 Bedrooms | $160K | $180K | +12.5% |
3 Bedrooms | $260K | $275K | +5.8% |
4 Bedrooms | $332.6K | $315K | -5.3% |
5+ Bedrooms | $382.5K | $410K | +7.2% |
Summary: Stone Mountain housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 7.2%.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
513 | 554 | +8.0% |
Summary: The Stone Mountain real estate market had 554 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 3 | -40.0% |
2 Bedrooms | 51 | 53 | +3.9% |
3 Bedrooms | 240 | 258 | +7.5% |
4 Bedrooms | 166 | 175 | +5.4% |
5+ Bedrooms | 51 | 65 | +27.5% |
Summary: The Stone Mountain housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.4%, and 5+ bedroom homes increased by 27.5%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
116 | 118 | +1.7% |
Asking Price vs. Sold Price
43 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Stone Mountain in March 2024, up by 1.7% month-over-month. Of the 109 sold homes, 39% were sold under asking, 29% were sold at asking, and 31% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 36 Days | -13.4% |
Summary: Homes in Stone Mountain had an average of 36 days on market in Mar 2024, down by 13.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 118 homes were sold in Stone Mountain; 57% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.