Is Lathemtown, GA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Lathemtown is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Lathemtown has remained a Seller's Market.

Key Takeaway

Lathemtown is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$73,763(+11.8%)

Key Takeaway

Homes in Lathemtown have sold for 11.8% more than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 -$240K
N/A
2 $577.2K$641K
+11.1%
3 $495K$543.9K
+9.9%
4 $575K$660K
+14.8%
5+ $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
+11.8%
Roswell-Alpharetta
+8.8%
Milton
+7.4%
Silver City
+5.9%

Housing Supply in Lathemtown, GA

How many homes are available in Lathemtown, GA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
199237+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

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 68
+33.3%
3 4347
+9.3%
4 5765
+14.0%
5+ 93116
+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 2024Apr 2024CHANGE
4352+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Lathemtown, you may be able to get a good deal. 44% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
31 Days46 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Lathemtown are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Lathemtown, GA

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