Is Lula, 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, Lula has remained a Seller's Market.
Housing Prices in Lula, GA
How much do homes in Lula, GA cost?
Median Sold Price
$315,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lula was $315,000 in May 2024, down 1.6% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $300K | $312.5K | +4.2% |
3 Bedrooms | $290K | $289.9K | 0% |
4 Bedrooms | $365.9K | $374.9K | +2.5% |
5+ Bedrooms | $441.7K | $700K | +58.5% |
Summary: Lula 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 4.2%, 3 bedroom homes did not change, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 58.5%.
Housing Supply in Lula, GA
How many homes are available in Lula, GA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
40 | 45 | +12.5% |
Summary: The Lula real estate market had 45 homes for sale in May 2024, a 12.5% 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 | 1 | 0 | -100.0% |
3 Bedrooms | 21 | 26 | +23.8% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Lula 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 decreased by 100%, 3 bedroom homes increased by 23.8%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 12 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Lula in May 2024, up by 50.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Lula, GA
How long does it take to sell a home in Lula, GA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
22 Days | 42 Days | +90.1% |
Summary: Homes in Lula had an average of 42 days on market in May 2024, up by 90.1% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in Lula; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.