Is Lithia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Lithia has remained a Seller's Market.
Key Takeaway
Lithia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lithia, FL
How much do homes in Lithia, FL cost?
Median Sold Price
$539,200
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lithia have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Lithia was $539,200 in April 2024, up 2.4% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $275K | $288.5K | +4.9% |
| 3 Bedrooms | $375K | $396.5K | +5.7% |
| 4 Bedrooms | $600K | $590K | -1.7% |
| 5+ Bedrooms | $825K | $1.0M | +23.6% |
Summary: Lithia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.7%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 23.6%.
Median Sold Price Compared To Nearby Cities
| Lithia | $526.6K | $539.2K | +2.4% |
| Brandon | $364.2K | $370K | +1.6% |
| Valrico | $420.6K | $426.2K | +1.3% |
| Wimauma-Riverview | $409.9K | $407.7K | -0.6% |
Housing Supply in Lithia, FL
How many homes are available in Lithia, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 141 | 177 | +25.5% |
Summary: The Lithia real estate market had 177 homes for sale in April 2024, a 25.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 39 | 49 | +25.6% |
| 4 Bedrooms | 68 | 85 | +25.0% |
| 5+ Bedrooms | 26 | 33 | +26.9% |
Summary: The Lithia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 25.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 26.9%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 27 | 38 | +40.7% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithia, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Lithia in April 2024, up by 40.7% month-over-month. Of the 38 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Lithia, FL
How long does it take to sell a home in Lithia, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 19 Days | -64.2% |
Summary: Homes in Lithia had an average of 19 days on market in Apr 2024, down by 64.2% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lithia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 38 homes were sold in Lithia; 84% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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