Is Lathemtown, GA 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, Lathemtown has remained a Seller's Market.
Housing Prices in Lathemtown, GA
How much do homes in Lathemtown, GA cost?
Median Sold Price
$698,763
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lathemtown was $698,763 in April 2024, up 11.8% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $240K | N/A |
2 Bedrooms | $577.2K | $641K | +11.1% |
3 Bedrooms | $495K | $543.9K | +9.9% |
4 Bedrooms | $575K | $660K | +14.8% |
5+ Bedrooms | $750K | $846.7K | +12.9% |
Summary: Lathemtown 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 11.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 14.8%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
Lathemtown | $625K | $698.7K | +11.8% |
Roswell-Alpharetta | $628K | $683.4K | +8.8% |
Milton | $835.7K | $897.9K | +7.4% |
Silver City | $505K | $534.9K | +5.9% |
Housing Supply in Lathemtown, GA
How many homes are available in Lathemtown, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
199 | 237 | +19.1% |
Summary: The Lathemtown real estate market had 237 homes for sale in April 2024, a 19.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 6 | 8 | +33.3% |
3 Bedrooms | 43 | 47 | +9.3% |
4 Bedrooms | 57 | 65 | +14.0% |
5+ Bedrooms | 93 | 116 | +24.7% |
Summary: The Lathemtown 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 33.3%, 3 bedroom homes increased by 9.3%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 24.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 52 | +20.9% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Lathemtown in April 2024, up by 20.9% month-over-month. Of the 50 sold homes, 44% were sold under asking, 34% were sold at asking, and 22% were sold over asking.
Days on Market for Lathemtown, GA
How long does it take to sell a home in Lathemtown, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 46 Days | +46.6% |
Summary: Homes in Lathemtown had an average of 46 days on market in Apr 2024, up by 46.6% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 52 homes were sold in Lathemtown; 60% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.