Is Lithonia, GA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Lithonia was a Seller's Market.
Key Takeaway
Lithonia 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 Lithonia, GA
How much do homes in Lithonia, GA cost?
Median Sold Price
$270,000
$143/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
The sold price of homes in Lithonia has remained the same since last year.
Summary: The median home sold price in Lithonia was $270,000 in May 2024, down 0.1% from last year, and the median price per square foot was $143.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46.5K | $68.7K | +47.8% |
| 2 Bedrooms | $173.5K | $175.5K | +1.2% |
| 3 Bedrooms | $260K | $255K | -1.9% |
| 4 Bedrooms | $307K | $310K | +1.0% |
| 5+ Bedrooms | $387.5K | $385K | -0.6% |
Summary: Lithonia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 47.8%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 0.6%.
Housing Supply in Lithonia, GA
How many homes are available in Lithonia, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 654 | 706 | +8.0% |
Summary: The Lithonia real estate market had 706 homes for sale in May 2024, a 8.0% 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 | 71 | 72 | +1.4% |
| 3 Bedrooms | 333 | 362 | +8.7% |
| 4 Bedrooms | 160 | 181 | +13.1% |
| 5+ Bedrooms | 90 | 91 | +1.1% |
Summary: The Lithonia 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 1.4%, 3 bedroom homes increased by 8.7%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 1.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 114 | -6.6% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
31 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lithonia, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.
Summary: A total of 114 homes were sold or pending in Lithonia in May 2024, down by 6.6% month-over-month. Of the 108 sold homes, 47% were sold under asking, 24% were sold at asking, and 29% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 34 Days | 44 Days | +28.4% |
Summary: Homes in Lithonia had an average of 44 days on market in May 2024, up by 28.4% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
16 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 May 2024, 114 homes were sold in Lithonia; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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.