Is Douglasville-Lithia Springs, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Douglasville-Lithia Springs has remained a Seller's Market.
Key Takeaway
Douglasville-Lithia Springs is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Douglasville-Lithia Springs, GA
How much do homes in Douglasville-Lithia Springs, GA cost?
Median Sold Price
$299,836
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Douglasville-Lithia Springs have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Douglasville-Lithia Springs was $299,836 in May 2024, up 1.1% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $179.7K | - | N/A |
| 2 Bedrooms | $175K | $196.9K | +12.5% |
| 3 Bedrooms | $264.3K | $259.9K | -1.7% |
| 4 Bedrooms | $335K | $341.3K | +1.9% |
| 5+ Bedrooms | $400K | $442K | +10.5% |
Summary: Douglasville-Lithia Springs housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Bill Arp | $316.1K | $325K | +2.8% |
| Douglasville | $318.1K | $325.1K | +2.2% |
| Douglasville-Lithia Springs | $296.5K | $299.8K | +1.1% |
| Austell | $300.5K | $302.9K | +0.8% |
| Lithia Springs | $299.5K | $287.5K | -4.0% |
Housing Supply in Douglasville-Lithia Springs, GA
How many homes are available in Douglasville-Lithia Springs, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 386 | 453 | +17.4% |
Summary: The Douglasville-Lithia Springs real estate market had 453 homes for sale in May 2024, a 17.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 154 | 189 | +22.7% |
| 4 Bedrooms | 142 | 154 | +8.5% |
| 5+ Bedrooms | 68 | 84 | +23.5% |
Summary: The Douglasville-Lithia Springs housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.2%, 3 bedroom homes increased by 22.7%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 23.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 85 | 81 | -4.7% |
Asking Price vs. Sold Price
37 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Douglasville-Lithia Springs, you may be able to get a good deal. 48.1% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Douglasville-Lithia Springs in May 2024, down by 4.7% month-over-month. Of the 77 sold homes, 48% were sold under asking, 32% were sold at asking, and 19% were sold over asking.
Days on Market for Douglasville-Lithia Springs, GA
How long does it take to sell a home in Douglasville-Lithia Springs, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 42 Days | +6.0% |
Summary: Homes in Douglasville-Lithia Springs had an average of 42 days on market in May 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Douglasville-Lithia Springs are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 81 homes were sold in Douglasville-Lithia Springs; 57% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 15% 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.