Is Stone Mountain, 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, Stone Mountain has remained a Seller's Market.
Housing Prices in Stone Mountain, GA
How much do homes in Stone Mountain, GA cost?
Median Sold Price
$289,726
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Stone Mountain was $289,726 in April 2024, up 3.3% 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 | $85K | $110K | +29.4% |
2 Bedrooms | $160K | $185K | +15.6% |
3 Bedrooms | $260K | $275K | +5.8% |
4 Bedrooms | $318.5K | $320.4K | +0.6% |
5+ Bedrooms | $385K | $410.5K | +6.6% |
Summary: Stone Mountain housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.4%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 6.6%.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
531 | 577 | +8.7% |
Summary: The Stone Mountain real estate market had 577 homes for sale in April 2024, a 8.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 1 | -66.7% |
2 Bedrooms | 54 | 65 | +20.4% |
3 Bedrooms | 248 | 244 | -1.6% |
4 Bedrooms | 163 | 191 | +17.2% |
5+ Bedrooms | 63 | 76 | +20.6% |
Summary: The Stone Mountain housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 66.7%, 2 bedroom homes increased by 20.4%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 17.2%, and 5+ bedroom homes increased by 20.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
135 | 122 | -9.6% |
Asking Price vs. Sold Price
49 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
28 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Stone Mountain in April 2024, down by 9.6% month-over-month. Of the 112 sold homes, 44% were sold under asking, 31% were sold at asking, and 25% were sold over asking.
Days on Market for Stone Mountain, GA
How long does it take to sell a home in Stone Mountain, GA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
28 Days | 38 Days | +37.4% |
Summary: Homes in Stone Mountain had an average of 38 days on market in Apr 2024, up by 37.4% compared to last year.
Breakdown of Home Sale Times
72 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in Stone Mountain; 59% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.