Is Lilburn, 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, Lilburn has remained a Seller's Market.
Key Takeaway
Lilburn is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lilburn, GA
How much do homes in Lilburn, GA cost?
Median Sold Price
$405,000
$173/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Lilburn have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Lilburn was $405,000 in May 2024, up 6.2% from last year, and the median price per square foot was $173.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | - | N/A |
| 2 Bedrooms | $332.5K | $374.9K | +12.8% |
| 3 Bedrooms | $350K | $362.9K | +3.7% |
| 4 Bedrooms | $400K | $420K | +5.0% |
| 5+ Bedrooms | $525K | $530K | +1.0% |
Summary: Lilburn 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 12.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 1%.
Housing Supply in Lilburn, GA
How many homes are available in Lilburn, GA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 268 | 262 | -2.2% |
Summary: The Lilburn real estate market had 262 homes for sale in May 2024, a 2.2% decrease 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 | 14 | 15 | +7.1% |
| 3 Bedrooms | 89 | 75 | -15.7% |
| 4 Bedrooms | 105 | 101 | -3.8% |
| 5+ Bedrooms | 60 | 71 | +18.3% |
Summary: The Lilburn 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 7.1%, 3 bedroom homes decreased by 15.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 18.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 79 | 77 | -2.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lilburn, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 77 homes were sold or pending in Lilburn in May 2024, down by 2.5% month-over-month. Of the 74 sold homes, 43% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Lilburn, GA
How long does it take to sell a home in Lilburn, GA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -33.5% |
Summary: Homes in Lilburn had an average of 16 days on market in May 2024, down by 33.5% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lilburn are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 77 homes were sold in Lilburn; 81% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 1% 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.