Is Stone Mountain, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$290,119
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Stone Mountain have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Stone Mountain was $290,119 in June 2024, up 3.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $114K | $110K | -3.5% |
| 2 Bedrooms | $164.9K | $189K | +14.6% |
| 3 Bedrooms | $265K | $275K | +3.8% |
| 4 Bedrooms | $315K | $325K | +3.2% |
| 5+ Bedrooms | $387K | $413K | +6.7% |
Summary: Stone Mountain housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.5%, 2 bedroom homes increased by 14.6%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 6.7%.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 577 | 628 | +8.8% |
Summary: The Stone Mountain real estate market had 628 homes for sale in June 2024, a 8.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 57 | 68 | +19.3% |
| 3 Bedrooms | 251 | 271 | +8.0% |
| 4 Bedrooms | 182 | 187 | +2.7% |
| 5+ Bedrooms | 86 | 100 | +16.3% |
Summary: The Stone Mountain housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 19.3%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 16.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 138 | 115 | -16.7% |
Asking Price vs. Sold Price
38 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Stone Mountain, you may be able to get a good deal. 34.5% of homes here sold below asking price last month.
Summary: A total of 115 homes were sold or pending in Stone Mountain in June 2024, down by 16.7% month-over-month. Of the 110 sold homes, 35% were sold under asking, 32% were sold at asking, and 34% 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
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 28 Days | 26 Days | -9.4% |
Summary: Homes in Stone Mountain had an average of 26 days on market in Jun 2024, down by 9.4% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Stone Mountain are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 115 homes were sold in Stone Mountain; 76% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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.