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 May 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

$289,996

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$9,996(+3.6%)

Key Takeaway

Homes in Stone Mountain have sold for 3.6% more than they did a year ago.

Summary: The median home sold price in Stone Mountain was $289,996 in May 2024, up 3.6% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $102.5K$110K
+7.3%
2 $164.9K$184K
+11.5%
3 $260K$275.2K
+5.9%
4 $315K$325K
+3.2%
5+ $394.9K$410K
+3.8%

Summary: Stone Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.8%.

Housing Supply in Stone Mountain, GA

How many homes are available in Stone Mountain, GA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
541611+12.9%

Summary: The Stone Mountain real estate market had 611 homes for sale in May 2024, a 12.9% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 6162
+1.6%
3 235259
+10.2%
4 173199
+15.0%
5+ 7190
+26.8%

Summary: The Stone Mountain housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 26.8%.

Number of Homes Sold

Apr 2024May 2024CHANGE
125120-4.0%

Asking Price vs. Sold Price

50 Homes Were Sold
Under Asking

23 Homes Were Sold
At Asking

37 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. 45.5% of homes here sold below asking price last month.

Summary: A total of 120 homes were sold or pending in Stone Mountain in May 2024, down by 4.0% month-over-month. Of the 110 sold homes, 45% were sold under asking, 21% 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

May 2023May 2024CHANGE
33 Days30 Days-9.9%

Summary: Homes in Stone Mountain had an average of 30 days on market in May 2024, down by 9.9% compared to last year.

Breakdown of Home Sale Times

85 Homes Were Sold
Under 30 Days

24 Homes Were Sold
In 30 - 90 Days

11 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 May 2024, 120 homes were sold in Stone Mountain; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% 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 22 Days Ago

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