Is Douglasville-Lithia Springs, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Douglasville-Lithia Springs is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Douglasville-Lithia Springs has remained a Seller's Market.

Key Takeaway

Douglasville-Lithia Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Douglasville-Lithia Springs, GA

How much do homes in Douglasville-Lithia Springs, GA cost?

Median Sold Price

$297,000

$153/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$900(-0.3%)

Key Takeaway

The sold price of homes in Douglasville-Lithia Springs has remained the same since last year.

Summary: The median home sold price in Douglasville-Lithia Springs was $297,000 in April 2024, down 0.3% from last year, and the median price per square foot was $153.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $220K-
N/A
2 $183K$180K
-1.6%
3 $269.9K$259.9K
-3.7%
4 $328.9K$338.5K
+2.9%
5+ $400K$440.9K
+10.2%

Summary: Douglasville-Lithia Springs 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 decreased by 1.6%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 10.2%.

Median Sold Price Compared To Nearby Cities

Douglasville
+2.2%
Bill Arp
+1.8%
Austell
+1.4%
Douglasville-Lithia Springs
-0.3%
Lithia Springs
-5.4%

Housing Supply in Douglasville-Lithia Springs, GA

How many homes are available in Douglasville-Lithia Springs, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
370402+8.6%

Summary: The Douglasville-Lithia Springs real estate market had 402 homes for sale in April 2024, a 8.6% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 1525
+66.7%
3 142159
+12.0%
4 139146
+5.0%
5+ 7471
-4.1%

Summary: The Douglasville-Lithia Springs housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 5%, and 5+ bedroom homes decreased by 4.1%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
7581+8.0%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

19 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Douglasville-Lithia Springs, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Douglasville-Lithia Springs in April 2024, up by 8.0% month-over-month. Of the 75 sold homes, 40% were sold under asking, 25% were sold at asking, and 35% were sold over asking.

Days on Market for Douglasville-Lithia Springs, GA

How long does it take to sell a home in Douglasville-Lithia Springs, GA?

Average Sale Time

Apr 2023Apr 2024CHANGE
47 Days40 Days-15.2%

Summary: Homes in Douglasville-Lithia Springs had an average of 40 days on market in Apr 2024, down by 15.2% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

29 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Douglasville-Lithia Springs are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 81 homes were sold in Douglasville-Lithia Springs; 51% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 14% 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 14 Days Ago

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