Is Lovejoy, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lovejoy was a Seller's Market.
Key Takeaway
Lovejoy is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Lovejoy, GA
How much do homes in Lovejoy, GA cost?
Median Sold Price
$300,800
$146/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lovejoy have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Lovejoy was $300,800 in April 2024, down 4.5% from last year, and the median price per square foot was $146.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $224K | $185K | -17.4% |
| 3 Bedrooms | $235K | $253K | +7.7% |
| 4 Bedrooms | $324.9K | $319.9K | -1.5% |
| 5+ Bedrooms | $352.5K | $353.4K | 0.3% |
Summary: Lovejoy 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 17.4%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 0.3%.
Housing Supply in Lovejoy, GA
How many homes are available in Lovejoy, GA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 80 | 97 | +21.3% |
Summary: The Lovejoy real estate market had 97 homes for sale in April 2024, a 21.3% 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 | 2 | 3 | +50.0% |
| 3 Bedrooms | 32 | 41 | +28.1% |
| 4 Bedrooms | 37 | 45 | +21.6% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Lovejoy 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 50%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 16 | +77.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lovejoy, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Lovejoy in April 2024, up by 77.8% month-over-month. Of the 14 sold homes, 64% were sold under asking, 14% were sold at asking, and 21% were sold over asking.
Days on Market for Lovejoy, GA
How long does it take to sell a home in Lovejoy, GA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 44 Days | 50 Days | +14.0% |
Summary: Homes in Lovejoy had an average of 50 days on market in Apr 2024, up by 14% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lovejoy has remained consistent over time.
Summary: During April 2024, 16 homes were sold in Lovejoy; 31% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 6% 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.