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 March 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

$285,069

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$212(+0.1%)

Key Takeaway

The sold price of homes in Stone Mountain has remained the same since last year.

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

# BEDSMar 2023Mar 2024CHANGE
1 $85K$110K
+29.4%
2 $160K$180K
+12.5%
3 $260K$275K
+5.8%
4 $332.6K$315K
-5.3%
5+ $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 2024Mar 2024CHANGE
513554+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

# BEDSFeb 2024Mar 2024CHANGE
1 53
-40.0%
2 5153
+3.9%
3 240258
+7.5%
4 166175
+5.4%
5+ 5165
+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 2024Mar 2024CHANGE
116118+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Stone Mountain, you may be able to get a good deal. 39.4% of homes here sold below asking price last month.

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 2023Mar 2024CHANGE
41 Days36 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

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 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.

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

Report Updated 26 Days Ago

Newest Listings in Stone Mountain, GA

Nearby Markets to Stone Mountain, GA