Is Lithonia, 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, Lithonia has remained a Seller's Market.
Key Takeaway
Lithonia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$269,216
$144/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lithonia have sold for 1% less than they did a year ago.
Summary: The median home sold price in Lithonia was $269,216 in April 2024, down 1% from last year, and the median price per square foot was $144.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $68.7K | N/A |
| 2 Bedrooms | $175K | $175K | 0.0% |
| 3 Bedrooms | $262.5K | $255K | -2.9% |
| 4 Bedrooms | $317.9K | $310K | -2.5% |
| 5+ Bedrooms | $397.4K | $390K | -1.9% |
Summary: Lithonia 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 did not change, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 541 | 653 | +20.7% |
Summary: The Lithonia real estate market had 653 homes for sale in April 2024, a 20.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 54 | 68 | +25.9% |
| 3 Bedrooms | 282 | 336 | +19.1% |
| 4 Bedrooms | 134 | 162 | +20.9% |
| 5+ Bedrooms | 70 | 87 | +24.3% |
Summary: The Lithonia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 25.9%, 3 bedroom homes increased by 19.1%, 4 bedroom homes increased by 20.9%, and 5+ bedroom homes increased by 24.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 112 | 116 | +3.6% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 41.1% of homes here sold below asking price last month.
Summary: A total of 116 homes were sold or pending in Lithonia in April 2024, up by 3.6% month-over-month. Of the 107 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.
Days on Market for Lithonia, GA
How long does it take to sell a home in Lithonia, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 39 Days | 36 Days | -6.5% |
Summary: Homes in Lithonia had an average of 36 days on market in Apr 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
74 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lithonia are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 116 homes were sold in Lithonia; 64% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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.