Is Stone Mountain, 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, 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
$289,996
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Stone Mountain was $289,996 in May 2024, up 3.6% 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 | $102.5K | $110K | +7.3% |
2 Bedrooms | $164.9K | $184K | +11.5% |
3 Bedrooms | $260K | $275.2K | +5.9% |
4 Bedrooms | $315K | $325K | +3.2% |
5+ Bedrooms | $394.9K | $410K | +3.8% |
Summary: Stone Mountain housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.3%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 3.8%.
Housing Supply in Stone Mountain, GA
How many homes are available in Stone Mountain, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
541 | 611 | +12.9% |
Summary: The Stone Mountain real estate market had 611 homes for sale in May 2024, a 12.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 61 | 62 | +1.6% |
3 Bedrooms | 235 | 259 | +10.2% |
4 Bedrooms | 173 | 199 | +15.0% |
5+ Bedrooms | 71 | 90 | +26.8% |
Summary: The Stone Mountain 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 1.6%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 15%, and 5+ bedroom homes increased by 26.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 120 | -4.0% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Stone Mountain in May 2024, down by 4.0% month-over-month. Of the 110 sold homes, 45% were sold under asking, 21% were sold at asking, and 34% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
33 Days | 30 Days | -9.9% |
Summary: Homes in Stone Mountain had an average of 30 days on market in May 2024, down by 9.9% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 120 homes were sold in Stone Mountain; 71% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.