Is Lithia Springs, 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, Lithia Springs has remained a Seller's Market.
Key Takeaway
Lithia Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lithia Springs, GA
How much do homes in Lithia Springs, GA cost?
Median Sold Price
$282,666
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lithia Springs have sold for 5.4% less than they did a year ago.
Summary: The median home sold price in Lithia Springs was $282,666 in April 2024, down 5.4% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $129.9K | - | N/A |
| 2 Bedrooms | $200K | $196.9K | -1.6% |
| 3 Bedrooms | $280K | $256.2K | -8.5% |
| 4 Bedrooms | $322.5K | $325K | +0.8% |
| 5+ Bedrooms | $397K | $430.5K | +8.4% |
Summary: 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 8.5%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 8.4%.
Median Sold Price Compared To Nearby Cities
| Mableton | $336K | $359.5K | +7.0% |
| Douglasville | $317.8K | $324.9K | +2.2% |
| Douglasville-Lithia Springs | $297.9K | $297K | -0.3% |
| Lithia Springs | $298.9K | $282.6K | -5.4% |
Housing Supply in Lithia Springs, GA
How many homes are available in Lithia Springs, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 93 | 104 | +11.8% |
Summary: The Lithia Springs real estate market had 104 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 36 | 40 | +11.1% |
| 4 Bedrooms | 30 | 31 | +3.3% |
| 5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Lithia Springs 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 increased by 42.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 3.3%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 25 | 22 | -12.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithia Springs, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Lithia Springs in April 2024, down by 12.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Lithia Springs, GA
How long does it take to sell a home in Lithia Springs, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 22 Days | -40.1% |
Summary: Homes in Lithia Springs had an average of 22 days on market in Apr 2024, down by 40.1% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lithia Springs are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 22 homes were sold in Lithia Springs; 68% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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.