Is Lamar County, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Lamar County has remained a Seller's Market.
Key Takeaway
Lamar County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lamar County, GA
How much do homes in Lamar County, GA cost?
Median Sold Price
$254,495
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Lamar County have sold for 5.2% more than they did a year ago.
Summary: The median home sold price in Lamar County was $254,495 in March 2024, up 5.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $154K | N/A |
| 2 Bedrooms | $95K | $117.5K | +23.7% |
| 3 Bedrooms | $229.9K | $250K | +8.7% |
| 4 Bedrooms | $305K | $303K | -0.7% |
| 5+ Bedrooms | $377.7K | $325K | -14.0% |
Summary: Lamar County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 23.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 14%.
Median Sold Price Compared To Nearby Counties
| Pike County | $333K | $365K | +9.6% |
| Lamar County | $241.9K | $254.4K | +5.2% |
| Butts County | $272.6K | $279.9K | +2.7% |
| Monroe County | $349.9K | $355.4K | +1.6% |
| Spalding County | $249.9K | $250K | 0.0% |
Housing Supply in Lamar County, GA
How many homes are available in Lamar County, GA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 75 | 83 | +10.7% |
Summary: The Lamar County real estate market had 83 homes for sale in March 2024, a 10.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 39 | 41 | +5.1% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lamar County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 20 | 16 | -20.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lamar County, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Lamar County in March 2024, down by 20.0% month-over-month. Of the 14 sold homes, 36% were sold under asking, 43% were sold at asking, and 21% were sold over asking.
Days on Market for Lamar County, GA
How long does it take to sell a home in Lamar County, GA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 35 Days | 38 Days | +7.8% |
Summary: Homes in Lamar County had an average of 38 days on market in Mar 2024, up by 7.8% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lamar County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Lamar County; 63% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% 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.