Is Lavonia, 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, Lavonia has remained a Seller's Market.
Housing Prices in Lavonia, GA
How much do homes in Lavonia, GA cost?
Median Sold Price
$280,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Lavonia was $280,000 in April 2024, up 8.1% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $117K | - | N/A |
2 Bedrooms | $160.2K | $164K | +2.3% |
3 Bedrooms | $250K | $280K | +12.0% |
4 Bedrooms | $324.5K | $380K | +17.1% |
5+ Bedrooms | $640K | $715K | +11.7% |
Summary: Lavonia 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 2.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 17.1%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
Martin | $286.9K | $327.5K | +14.2% |
Lavonia | $259K | $280K | +8.1% |
Canon | $224.9K | $229.4K | +2.0% |
Housing Supply in Lavonia, GA
How many homes are available in Lavonia, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
56 | 71 | +26.8% |
Summary: The Lavonia real estate market had 71 homes for sale in April 2024, a 26.8% 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 | 6 | -14.3% |
3 Bedrooms | 28 | 39 | +39.3% |
4 Bedrooms | 13 | 16 | +23.1% |
5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Lavonia 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 decreased by 14.3%, 3 bedroom homes increased by 39.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Lavonia in April 2024, up by 50.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for Lavonia, GA
How long does it take to sell a home in Lavonia, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
39 Days | 62 Days | +57.6% |
Summary: Homes in Lavonia had an average of 62 days on market in Apr 2024, up by 57.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 15 homes were sold in Lavonia; 53% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.